Public Sector Pension Investment Board Purchases 69,972 Shares of DoubleVerify Holdings, Inc. $DV

Public Sector Pension Investment Board lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 15.2% during the third quarter, HoldingsChannel.com reports. The firm owned 529,775 shares of the company’s stock after purchasing an additional 69,972 shares during the quarter. Public Sector Pension Investment Board’s holdings in DoubleVerify were worth $6,347,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund bought a new position in DoubleVerify in the third quarter valued at $998,000. LSV Asset Management purchased a new stake in shares of DoubleVerify in the 3rd quarter worth about $210,000. Versor Investments LP bought a new position in shares of DoubleVerify in the 3rd quarter worth approximately $264,000. Savant Capital LLC boosted its holdings in shares of DoubleVerify by 26.1% during the 3rd quarter. Savant Capital LLC now owns 31,944 shares of the company’s stock valued at $383,000 after buying an additional 6,616 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in DoubleVerify by 15.4% in the third quarter. Envestnet Asset Management Inc. now owns 366,702 shares of the company’s stock worth $4,393,000 after purchasing an additional 48,983 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DV. Canaccord Genuity Group dropped their target price on shares of DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their target price on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Stifel Nicolaus reduced their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Finally, Needham & Company LLC reduced their price objective on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.41.

DoubleVerify Trading Up 2.7%

NYSE:DV opened at $9.58 on Thursday. The firm has a fifty day simple moving average of $10.67 and a 200-day simple moving average of $11.91. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.54 billion, a P/E ratio of 38.30, a PEG ratio of 0.61 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $23.02.

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.