Universal Beteiligungs und Servicegesellschaft mbH Acquires 68,162 Shares of DoubleVerify Holdings, Inc. $DV

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 257.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,602 shares of the company’s stock after buying an additional 68,162 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in DoubleVerify were worth $1,085,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Krilogy Financial LLC bought a new stake in DoubleVerify during the fourth quarter valued at approximately $145,000. Merit Financial Group LLC bought a new stake in DoubleVerify during the fourth quarter valued at approximately $249,000. CWM LLC grew its position in DoubleVerify by 14.2% during the fourth quarter. CWM LLC now owns 127,226 shares of the company’s stock valued at $1,455,000 after buying an additional 15,779 shares during the period. ZWJ Investment Counsel Inc. grew its position in DoubleVerify by 16.6% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,640,121 shares of the company’s stock valued at $18,763,000 after buying an additional 233,307 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in DoubleVerify by 9.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 31,600 shares of the company’s stock valued at $362,000 after buying an additional 2,800 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $11.33 on Monday. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.82. The company has a market capitalization of $1.78 billion, a P/E ratio of 37.75, a P/E/G ratio of 1.28 and a beta of 1.05. The firm’s 50 day simple moving average is $10.19 and its two-hundred day simple moving average is $10.55.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The firm had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. During the same period in the prior year, the firm earned $0.13 EPS. DoubleVerify’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on DV. Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Barclays reaffirmed an “equal weight” rating and set a $12.00 price target on shares of DoubleVerify in a report on Monday, January 12th. Canaccord Genuity Group lowered their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada lowered their price target on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

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.