DoubleVerify Holdings, Inc. $DV Shares Acquired by Summit Global Investments

Summit Global Investments lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 420.1% in the second quarter, HoldingsChannel reports. The firm owned 52,226 shares of the company’s stock after acquiring an additional 42,185 shares during the quarter. Summit Global Investments’ holdings in DoubleVerify were worth $566,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DV. California State Teachers Retirement System increased its holdings in DoubleVerify by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after purchasing an additional 754 shares during the period. Woodline Partners LP raised its position in DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of DoubleVerify by 2.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock valued at $504,000 after buying an additional 1,098 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock valued at $347,000 after buying an additional 1,200 shares during the period. Finally, Xponance LLC grew its position 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 in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Trading Down 0.0%

DV opened at $13.29 on Friday. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.44. The company has a market cap of $2.06 billion, a P/E ratio of 36.93, a PEG ratio of 1.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.50. The business’s 50-day simple moving average is $11.30 and its 200-day simple moving average is $10.52.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DV. Royal Bank Of Canada lowered shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $14.00 to $13.60 in a research note on Friday, August 7th. Canaccord Genuity Group downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Raymond James Financial cut shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Finally, Citizens Jmp lowered shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $14.18.

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.