Assenagon Asset Management S.A. Has $43.40 Million Stock Holdings in DoubleVerify Holdings, Inc. $DV

Assenagon Asset Management S.A. boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 40.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,622,449 shares of the company’s stock after purchasing an additional 1,049,726 shares during the period. Assenagon Asset Management S.A.’s holdings in DoubleVerify were worth $43,397,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of DV. Parallel Advisors LLC raised its position in shares of DoubleVerify by 572.1% in the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after purchasing an additional 2,031 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of DoubleVerify during the 2nd quarter worth $42,000. Farther Finance Advisors LLC lifted its position in shares of DoubleVerify by 3,035.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after buying an additional 3,066 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of DoubleVerify by 176.7% during the second quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock worth $51,000 after buying an additional 2,180 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of DoubleVerify by 253.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after acquiring an additional 2,660 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DV has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Wells Fargo & Company lowered their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, October 21st. Needham & Company LLC dropped their price target on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Truist Financial cut their price target on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $20.00 target price on shares of DoubleVerify in a research report on Tuesday, September 2nd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.38.

DoubleVerify Stock Up 0.8%

DV stock opened at $11.34 on Friday. The company’s 50 day moving average is $10.92 and its 200 day moving average is $13.28. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 1.86 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $23.11.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The company had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

DoubleVerify Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.