Gagnon Securities LLC Purchases 314,917 Shares of DoubleVerify Holdings, Inc. $DV

Gagnon Securities LLC boosted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 86.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 679,917 shares of the company’s stock after buying an additional 314,917 shares during the period. DoubleVerify makes up approximately 1.6% of Gagnon Securities LLC’s investment portfolio, making the stock its 23rd largest position. Gagnon Securities LLC owned about 0.42% of DoubleVerify worth $8,145,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of DoubleVerify by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after acquiring an additional 754 shares during the period. Woodline Partners LP boosted its holdings in shares of DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of DoubleVerify by 5.4% in the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 15,362 shares of the company’s stock valued at $230,000 after purchasing an additional 785 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of DoubleVerify by 3.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 34,628 shares of the company’s stock worth $518,000 after buying an additional 1,028 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of DoubleVerify by 11.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,561 shares of the company’s stock worth $162,000 after buying an additional 1,403 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

DV has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Needham & Company LLC lowered their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus cut their target price on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. lowered their price target on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Finally, Canaccord Genuity Group cut their price objective on DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.41.

DoubleVerify Stock Performance

NYSE DV opened at $11.10 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 0.72 and a beta of 0.98. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $23.11. The stock has a fifty day simple moving average of $10.95 and a 200 day simple moving average of $12.50.

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

DoubleVerify Company 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.