DoubleVerify Holdings, Inc. $DV Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. reduced its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 62.3% in the third quarter, Holdings Channel reports. The institutional investor owned 637,664 shares of the company’s stock after selling 1,054,512 shares during the period. ZWJ Investment Counsel Inc.’s holdings in DoubleVerify were worth $8,602,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DV. BlackRock Inc. raised its holdings in shares of DoubleVerify by 19.6% in the 2nd quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock worth $250,973,000 after acquiring an additional 3,799,956 shares during the last quarter. Bank of America Corp DE bought a new position in DoubleVerify in the 2nd quarter valued at about $31,333,000. State Street Corp boosted its stake in DoubleVerify by 23.3% during the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company’s stock valued at $58,267,000 after purchasing an additional 1,014,027 shares during the last quarter. Man Group plc acquired a new position in DoubleVerify during the 2nd quarter valued at about $9,026,000. Finally, SG Americas Securities LLC boosted its stake in DoubleVerify by 1,278.9% during the 1st quarter. SG Americas Securities LLC now owns 862,047 shares of the company’s stock valued at $8,189,000 after purchasing an additional 799,528 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Down 0.3%

Shares of DV stock opened at $13.52 on Thursday. 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 company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 37.54, a PEG ratio of 1.48 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $13.65. The company has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $11.54.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, August 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The firm had revenue of $193.79 million for the quarter, compared to analysts’ expectations of $202.23 million. During the same quarter last year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings raised DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Nomura set a $13.60 price target on DoubleVerify in a research report on Friday, August 7th. Canaccord Genuity Group cut DoubleVerify from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Scotiabank downgraded shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 21st. Two research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, DoubleVerify has a consensus rating of “Hold” and a consensus target price of $13.52.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc is a software and data analytics company that provides measurement, verification and optimization services for digital advertising. Its platform helps advertisers, agencies, publishers and digital media platforms evaluate whether advertising was delivered to legitimate audiences, appeared in suitable environments and had an opportunity to be viewed.

The company’s products and services address areas including ad fraud, viewability, brand safety and suitability, contextual targeting, media quality and campaign performance.