Intech Investment Management LLC Has $5.51 Million Stake in DoubleVerify Holdings, Inc. $DV

Intech Investment Management LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 339.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,670 shares of the company’s stock after purchasing an additional 371,994 shares during the quarter. Intech Investment Management LLC owned approximately 0.30% of DoubleVerify worth $5,510,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in DoubleVerify by 22.4% in the fourth quarter. Geode Capital Management LLC now owns 2,403,828 shares of the company’s stock valued at $27,507,000 after acquiring an additional 439,157 shares during the last quarter. Clearstead Advisors LLC lifted its stake in DoubleVerify by 81.2% in the fourth quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after acquiring an additional 1,669 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in DoubleVerify by 37.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock valued at $54,000 after acquiring an additional 1,284 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in DoubleVerify in the fourth quarter valued at $114,000. Finally, Leonteq Securities AG acquired a new stake in DoubleVerify in the fourth quarter valued at $297,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Wall Street Zen cut shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Canaccord Genuity Group cut their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $14.00 price target on shares of DoubleVerify in a research note on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.70.

DoubleVerify Stock Performance

NYSE DV opened at $9.70 on Monday. The firm has a 50-day moving average of $10.09 and a 200-day moving average of $10.37. The stock has a market cap of $1.49 billion, a PE ratio of 29.38, a P/E/G ratio of 1.10 and a beta of 1.00. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $205.59 million for the quarter, compared to analyst estimates of $208.77 million. DoubleVerify had a return on equity of 7.98% and a net margin of 7.16%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. As a group, analysts predict that DoubleVerify Holdings, Inc. will post 0.56 EPS for the current fiscal 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.