Gagnon Advisors LLC Cuts Stock Position in DoubleVerify Holdings, Inc. $DV

Gagnon Advisors LLC cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 30.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 438,039 shares of the company’s stock after selling 187,731 shares during the quarter. DoubleVerify accounts for 3.2% of Gagnon Advisors LLC’s investment portfolio, making the stock its 15th largest position. Gagnon Advisors LLC owned about 0.27% of DoubleVerify worth $5,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DV. Clearstead Advisors LLC increased its position in shares of DoubleVerify by 210.0% in the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after buying an additional 1,392 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of DoubleVerify by 154.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after buying an additional 1,492 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of DoubleVerify by 178.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock worth $41,000 after purchasing an additional 2,211 shares during the last quarter. Allworth Financial LP raised its position in shares of DoubleVerify by 121.9% during the 4th quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock worth $54,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of DoubleVerify by 253.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after purchasing an additional 2,660 shares during the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DV has been the subject of several research analyst reports. The Goldman Sachs Group upped their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research report on Monday, April 20th. Canaccord Genuity Group reduced their price objective on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Wells Fargo & Company reduced their price objective on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $15.70.

DoubleVerify Price Performance

DV stock opened at $10.20 on Friday. The business has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $10.37. The firm has a market capitalization of $1.56 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.82.

DoubleVerify 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.