Kennedy Capital Management LLC Invests $5.67 Million in DoubleVerify Holdings, Inc. $DV

Kennedy Capital Management LLC bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 495,882 shares of the company’s stock, valued at approximately $5,673,000. Kennedy Capital Management LLC owned 0.31% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of DV. Clearstead Advisors LLC increased its position in shares of DoubleVerify by 210.0% during the third quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after acquiring an additional 1,392 shares during the period. Quadrant Capital Group LLC increased its position in shares of DoubleVerify by 154.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after acquiring an additional 1,492 shares during the period. UMB Bank n.a. increased its position in shares of DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock worth $32,000 after acquiring an additional 1,528 shares during the period. Allworth Financial LP increased its position in shares of DoubleVerify by 121.9% during the fourth quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock worth $54,000 after acquiring an additional 2,581 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of DoubleVerify by 37.2% during the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock worth $54,000 after acquiring an additional 1,284 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DV shares. The Goldman Sachs Group raised their target price 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. Royal Bank Of Canada cut their price objective on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Finally, Canaccord Genuity Group cut their price objective on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Eleven equities research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $15.70.

DoubleVerify Stock Up 0.3%

Shares of DV opened at $10.23 on Tuesday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $16.82. The company has a 50 day moving average of $10.21 and a two-hundred day moving average of $10.37.

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.