Man Group plc Invests $9.03 Million in DoubleVerify Holdings, Inc. $DV

Man Group plc bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 832,692 shares of the company’s stock, valued at approximately $9,026,000. Man Group plc owned approximately 0.54% of DoubleVerify as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of DoubleVerify by 19.6% in the second quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock worth $250,973,000 after buying an additional 3,799,956 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of DoubleVerify by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after acquiring an additional 360,055 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of DoubleVerify by 1.3% in the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after purchasing an additional 74,051 shares in the last quarter. AQR Capital Management LLC raised its stake in DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after purchasing an additional 2,902,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in DoubleVerify by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock valued at $41,169,000 after purchasing an additional 363,005 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DV shares. Truist Financial cut shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their target price for the company from $16.00 to $13.60 in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research note on Friday, July 17th. Wells Fargo & Company raised DoubleVerify from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $8.00 to $13.60 in a research report on Friday, August 7th. Nomura set a $13.60 price target on DoubleVerify in a research report on Friday, August 7th. Finally, Raymond James Financial cut shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and a consensus target price of $13.95.

DoubleVerify Price Performance

Shares of DV stock opened at $13.37 on Friday. The stock has a 50 day moving average price of $11.90 and a 200 day moving average price of $10.72. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.50 and a current ratio of 4.50. The firm has a market capitalization of $2.07 billion, a P/E ratio of 37.14, a P/E/G ratio of 1.45 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The company had revenue of $193.79 million for the quarter, compared to the consensus estimate of $202.23 million. During the same quarter in the prior year, the company posted $0.05 EPS. DoubleVerify’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current year.

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.