Kennedy Capital Management LLC Buys Shares of 495,882 DoubleVerify Holdings, Inc. $DV

Kennedy Capital Management LLC acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 4th quarter, Holdings Channel reports. The fund acquired 495,882 shares of the company’s stock, valued at approximately $5,673,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of DoubleVerify by 0.6% during the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after buying an additional 754 shares during the period. Woodline Partners LP lifted its stake in shares of DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after buying an additional 762 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of DoubleVerify by 9.0% during the fourth quarter. Central Pacific Bank Trust Division now owns 13,707 shares of the company’s stock worth $157,000 after buying an additional 1,130 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of DoubleVerify by 4.1% during the fourth quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after buying an additional 1,200 shares during the period. Finally, Xponance LLC lifted its stake in shares of DoubleVerify by 9.9% during the fourth quarter. Xponance LLC now owns 14,141 shares of the company’s stock worth $162,000 after buying an additional 1,275 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

DV opened at $10.23 on Tuesday. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $16.82. The company has a fifty day moving average of $10.21 and a two-hundred day moving average of $10.37. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 1.15 and a beta of 1.00.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DV. Wells Fargo & Company lowered their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Royal Bank Of Canada lowered their price objective on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Raymond James Financial reiterated an “outperform” rating and set a $14.00 price objective on shares of DoubleVerify in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.70.

DoubleVerify 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.