44,781 Shares in DoubleVerify Holdings, Inc. $DV Bought by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 44,781 shares of the company’s stock, valued at approximately $425,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of DoubleVerify during the first quarter worth about $107,000. Principal Financial Group Inc. grew its position in shares of DoubleVerify by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 648,281 shares of the company’s stock valued at $6,159,000 after purchasing an additional 13,251 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of DoubleVerify in the 1st quarter valued at approximately $129,000. Fifth Third Bancorp increased its stake in DoubleVerify by 1,733.4% during the 1st quarter. Fifth Third Bancorp now owns 43,397 shares of the company’s stock worth $412,000 after purchasing an additional 41,030 shares in the last quarter. Finally, Diversified Investment Strategies LLC bought a new stake in DoubleVerify during the 1st quarter worth approximately $3,246,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $11.47 on Friday. The firm has a market cap of $1.76 billion, a PE ratio of 34.75, a P/E/G ratio of 1.41 and a beta of 0.96. The business’s 50 day simple moving average is $10.45 and its 200 day simple moving average is $10.38. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82.

Analysts Set New Price Targets

DV has been the topic of a number of research reports. Wells Fargo & Company cut their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Monday, April 20th. The Goldman Sachs Group raised their price objective on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen cut shares of DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research note on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and an average target price of $15.39.

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.