Watershed Asset Management L.L.C. Purchases Shares of 44,781 DoubleVerify Holdings, Inc. $DV

Watershed Asset Management L.L.C. purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 1st quarter, Holdings Channel reports. The fund purchased 44,781 shares of the company’s stock, valued at approximately $425,000.

A number of other large investors also recently modified their holdings of DV. Quadrant Capital Group LLC grew its holdings in shares of DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after acquiring an additional 1,492 shares in the last quarter. UMB Bank n.a. raised its holdings in DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after acquiring an additional 1,528 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after acquiring an additional 2,660 shares in the last quarter. Clearstead Advisors LLC boosted its position in DoubleVerify by 81.2% during the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after purchasing an additional 1,669 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position 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 during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $11.47 on Friday. The business has a fifty day simple moving average of $10.45 and a two-hundred day simple moving average of $10.38. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.82. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.41 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. The Goldman Sachs Group increased their price objective on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.39.

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.