Private Management Group Inc. Takes Position in DoubleVerify Holdings, Inc. $DV

Private Management Group Inc. purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 998,293 shares of the company’s stock, valued at approximately $11,420,000. Private Management Group Inc. owned approximately 0.62% of DoubleVerify as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC purchased a new position in shares of DoubleVerify in the fourth quarter valued at $1,006,000. Deutsche Bank AG grew its position in shares of DoubleVerify by 302.6% in the fourth quarter. Deutsche Bank AG now owns 977,804 shares of the company’s stock valued at $11,186,000 after purchasing an additional 734,942 shares in the last quarter. Franklin Resources Inc. grew its position in shares of DoubleVerify by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 133,458 shares of the company’s stock valued at $1,527,000 after purchasing an additional 13,565 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of DoubleVerify by 13.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,118,119 shares of the company’s stock valued at $12,791,000 after purchasing an additional 129,250 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of DoubleVerify by 4.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 90,283 shares of the company’s stock valued at $1,015,000 after purchasing an additional 3,715 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Stock Performance

NYSE:DV opened at $10.25 on Friday. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 1.16 and a beta of 1.00. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82. The stock has a fifty day moving average of $10.19 and a 200 day moving average of $10.37.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price target on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Wells Fargo & Company reduced their price target on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Royal Bank Of Canada dropped their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Finally, The Goldman Sachs Group lifted their price objective on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, four have issued 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 “Moderate Buy” and an average price target of $15.70.

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.