DoubleVerify Holdings, Inc. $DV Shares Newly Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 178,751 shares of the company’s stock, valued at approximately $2,411,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Jupiter Topco LLC bought a new stake in shares of DoubleVerify during the second quarter valued at approximately $675,000. State Street Corp raised its holdings in DoubleVerify by 23.3% in the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after acquiring an additional 1,014,027 shares during the last quarter. Quantinno Capital Management LP lifted its position in DoubleVerify by 181.5% in the 1st quarter. Quantinno Capital Management LP now owns 426,329 shares of the company’s stock valued at $4,050,000 after acquiring an additional 274,896 shares in the last quarter. Empowered Funds LLC bought a new position in DoubleVerify in the 1st quarter valued at approximately $1,687,000. Finally, Russell Investments Group Ltd. boosted its stake in DoubleVerify by 92.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 299,346 shares of the company’s stock valued at $3,256,000 after purchasing an additional 143,429 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded down $0.01 during trading hours on Friday, reaching $13.56. 6,958,580 shares of the stock traded hands, compared to its average volume of 2,273,778. The company has a 50 day moving average price of $13.49 and a 200 day moving average price of $11.46. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 1.46 and a beta of 0.93. DoubleVerify Holdings, Inc. has a one year low of $8.60 and a one year high of $13.65. The company has a quick ratio of 4.69, a current ratio of 4.69 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Citizens Jmp downgraded DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Scotiabank cut DoubleVerify from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $15.00 to $13.60 in a research note on Friday, August 7th. Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded DoubleVerify from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, November 9th. Finally, Canaccord Genuity Group downgraded DoubleVerify from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $13.60 in a report on Friday, August 7th. Fourteen analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.52.

About DoubleVerify

DoubleVerify Holdings, Inc. provides digital media measurement, analytics and optimization services for advertisers, agencies and publishers. Its technology helps clients assess whether digital ads are viewable, free from fraudulent activity and delivered in brand-safe environments across channels such as websites, mobile apps, social media and connected TV. The company’s offerings include verification and performance measurement tools, as well as products designed to help advertisers evaluate and optimize media campaigns.