VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in DoubleVerify Holdings, Inc. $DV

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 106,500 shares of the company’s stock, valued at approximately $1,154,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Investment Strategies LLC acquired a new position in DoubleVerify during the 1st quarter worth $3,246,000. Quantinno Capital Management LP grew its position in shares of DoubleVerify by 181.5% in the first quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock valued at $4,050,000 after purchasing an additional 274,896 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of DoubleVerify in the first quarter valued at about $1,687,000. Pale Fire Capital SE bought a new position in shares of DoubleVerify in the first quarter worth about $1,050,000. Finally, Russell Investments Group Ltd. increased its stake in shares of DoubleVerify by 92.0% in the second quarter. Russell Investments Group Ltd. now owns 299,346 shares of the company’s stock worth $3,256,000 after purchasing an additional 143,429 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Up 0.3%

NYSE DV opened at $13.41 on Friday. 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 50-day simple moving average of $12.42 and a 200 day simple moving average of $10.99. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $13.79. The stock has a market cap of $2.08 billion, a PE ratio of 37.26, a PEG ratio of 1.46 and a beta of 0.99.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.11. The firm had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings upgraded DoubleVerify from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $13.60 price target on shares of DoubleVerify in a research report on Friday, August 21st. Royal Bank Of Canada lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $14.00 to $13.60 in a report on Friday, August 7th. Canaccord Genuity Group cut DoubleVerify from a “buy” rating to a “hold” rating and reduced their price objective for the company from $16.00 to $13.60 in a research report on Friday, August 7th. Finally, Raymond James Financial downgraded shares of DoubleVerify from an “outperform” rating to a “market perform” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.52.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are delivered in appropriate environments, viewed by real users and displayed as intended across digital channels.

The company’s solutions address areas including viewability, fraud and invalid traffic, brand safety and suitability, media quality, campaign reach and performance.