Ruffer LLP Purchases Shares of 645,691 DoubleVerify Holdings, Inc. $DV

Ruffer LLP purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, Holdings Channel.com reports. The fund purchased 645,691 shares of the company’s stock, valued at approximately $7,399,000.

Several other large investors have also added to or reduced their stakes in DV. Baird Financial Group Inc. purchased a new position in DoubleVerify during the first quarter valued at approximately $154,000. Woodline Partners LP lifted its holdings in DoubleVerify by 2.5% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in DoubleVerify by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock valued at $6,174,000 after purchasing an additional 43,343 shares in the last quarter. Creative Planning lifted its holdings in DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company’s stock valued at $387,000 after purchasing an additional 3,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in DoubleVerify by 624.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after purchasing an additional 3,995 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

DV has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Wells Fargo & Company boosted their target price on shares of DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a report on Monday, March 2nd. Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Monday. Finally, Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.00.

DoubleVerify Stock Performance

DV stock opened at $10.69 on Wednesday. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82. The company’s fifty day moving average price is $10.00 and its 200-day moving average price is $10.57. The company has a market capitalization of $1.68 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 1.22 and a beta of 0.99.

DoubleVerify (NYSE:DV) last released its earnings results on Thursday, February 26th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). DoubleVerify had a return on equity of 7.50% and a net margin of 6.77%.The company had revenue of $205.59 million during the quarter, compared to analysts’ expectations of $208.77 million. During the same period last year, the firm posted $0.13 EPS. DoubleVerify’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.56 EPS for the current fiscal year.

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.