Hussman Strategic Advisors Inc. Invests $2.52 Million in DoubleVerify Holdings, Inc. $DV

Hussman Strategic Advisors Inc. purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 210,000 shares of the company’s stock, valued at approximately $2,516,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC purchased a new position in DoubleVerify during the second quarter valued at $42,000. Farther Finance Advisors LLC increased its stake in shares of DoubleVerify by 3,035.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after acquiring an additional 3,066 shares in the last quarter. GAMMA Investing LLC lifted its position in DoubleVerify by 176.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock valued at $51,000 after acquiring an additional 2,180 shares during the period. Bessemer Group Inc. boosted its stake in DoubleVerify by 223.1% during the second quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock worth $56,000 after acquiring an additional 2,583 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake 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. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DV shares. Truist Financial lowered their target price on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company 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. JPMorgan Chase & Co. cut their target price on DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Scotiabank restated an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Finally, Barclays reiterated an “equal weight” rating and issued a $12.00 price target on shares of DoubleVerify in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, DoubleVerify has an average rating of “Moderate Buy” and a consensus target price of $16.41.

DoubleVerify Trading Down 2.2%

Shares of NYSE:DV opened at $10.93 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $23.11. The company has a market cap of $1.76 billion, a P/E ratio of 43.70, a PEG ratio of 0.74 and a beta of 0.98. The stock’s fifty day moving average price is $10.92 and its 200-day moving average price is $12.52.

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

About DoubleVerify

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.