DoubleVerify Holdings, Inc. $DV Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 2,633.8% during the third quarter, Holdings Channel reports. The institutional investor owned 307,031 shares of the company’s stock after acquiring an additional 295,800 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in DoubleVerify were worth $3,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new position in DoubleVerify in the first quarter valued at approximately $154,000. Woodline Partners LP grew its stake in shares of DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of DoubleVerify by 10.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after purchasing an additional 43,343 shares during the period. Bank of Montreal Can increased its holdings in shares of DoubleVerify by 16.6% during the 2nd quarter. Bank of Montreal Can now owns 82,194 shares of the company’s stock valued at $1,230,000 after purchasing an additional 11,724 shares in the last quarter. Finally, Savant Capital LLC lifted its stake in shares of DoubleVerify by 22.7% in the 2nd quarter. Savant Capital LLC now owns 25,328 shares of the company’s stock valued at $379,000 after purchasing an additional 4,683 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DV. Needham & Company LLC lowered their price target on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Stifel Nicolaus decreased their price objective on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Wells Fargo & Company raised their target price on DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Monday, March 2nd. Finally, Scotiabank restated an “outperform” rating on shares of DoubleVerify in a research note on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.88.

DoubleVerify Stock Performance

DoubleVerify stock opened at $11.00 on Friday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 36.67, a P/E/G ratio of 1.25 and a beta of 0.98. The company’s fifty day moving average price is $10.37 and its 200 day moving average price is $11.46. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.82.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 earnings per share. Sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

DoubleVerify Company Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.