DoubleVerify Holdings, Inc. $DV Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 181.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 426,329 shares of the company’s stock after acquiring an additional 274,896 shares during the period. Quantinno Capital Management LP owned 0.28% of DoubleVerify worth $4,050,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DV. Bank of Montreal Can increased its stake in DoubleVerify by 2,028.9% in the fourth quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock valued at $41,756,000 after purchasing an additional 3,478,542 shares during the last quarter. AQR Capital Management LLC raised its holdings in DoubleVerify by 123.4% during the fourth quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after purchasing an additional 2,902,169 shares in the last quarter. SG Capital Management LLC lifted its position in shares of DoubleVerify by 202.1% during the 4th quarter. SG Capital Management LLC now owns 1,020,892 shares of the company’s stock worth $11,679,000 after buying an additional 2,020,892 shares during the last quarter. Boston Partners purchased a new stake in shares of DoubleVerify during the 4th quarter worth approximately $20,642,000. Finally, Arohi Asset Management PTE Ltd. acquired a new position in shares of DoubleVerify in the 2nd quarter valued at $17,214,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Key Stories Impacting DoubleVerify

Here are the key news stories impacting DoubleVerify this week:

• Positive Sentiment: Nielsen will pay $13.60 per DoubleVerify share in cash, providing a meaningful premium and establishing a potential near-term valuation anchor. The transaction is expected to combine DoubleVerify’s media-quality and ad-performance technology with Nielsen’s audience measurement and media-intelligence business. Nielsen Is Acquiring DoubleVerify For $2.15 Billion
• Positive Sentiment: The acquisition announcement outweighed mixed quarterly results and drove heavy investor interest, with the stock trading close to Nielsen’s proposed cash consideration. Nielsen to Acquire DoubleVerify

DoubleVerify Trading Up 12.8%

DoubleVerify stock opened at $13.21 on Friday. The stock has a 50 day moving average of $11.02 and a two-hundred day moving average of $10.43. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $16.44. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 36.68, a PEG ratio of 1.40 and a beta of 0.98.

Wall Street Analysts Forecast Growth

DV has been the topic of several research analyst reports. Wells Fargo & Company set a $13.60 price target on shares of DoubleVerify and gave the stock an “equal weight” rating in a research note on Friday. BMO Capital Markets set a $13.60 price objective on shares of DoubleVerify in a research note on Friday. Scotiabank lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $15.00 to $13.60 in a report on Friday. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Finally, Royal Bank Of Canada downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $14.00 to $13.60 in a report on Friday. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $14.18.

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.