DoubleVerify Holdings, Inc. $DV Position Trimmed by ING Groep NV

ING Groep NV decreased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 83.5% during the third quarter, Holdings Channel.com reports. The firm owned 83,300 shares of the company’s stock after selling 420,600 shares during the period. ING Groep NV’s holdings in DoubleVerify were worth $998,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DV. Hantz Financial Services Inc. grew its position in DoubleVerify by 178.9% during the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in DoubleVerify in the 2nd quarter worth approximately $42,000. Atlantic Union Bankshares Corp acquired a new stake in shares of DoubleVerify during the 3rd quarter valued at $51,000. Bessemer Group Inc. grew its holdings in shares of DoubleVerify by 223.1% during the 2nd quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after acquiring an additional 2,583 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after acquiring an additional 2,660 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Up 1.3%

Shares of DV stock opened at $9.46 on Friday. The stock’s 50 day simple moving average is $10.76 and its 200 day simple moving average is $12.04. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $23.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 0.62 and a beta of 0.98.

Analyst Ratings Changes

A number of research firms recently issued reports on DV. Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a research report on Monday, November 10th. Stifel Nicolaus reduced their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Truist Financial lowered their price target on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Canaccord Genuity Group cut their price objective on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Morgan Stanley boosted their target price on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, DoubleVerify currently has a consensus rating of “Hold” and a consensus target price of $16.41.

About DoubleVerify

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.