Assenagon Asset Management S.A. Has $24.43 Million Stock Position in DoubleVerify Holdings, Inc. $DV

Assenagon Asset Management S.A. cut its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 21.3% in the first quarter, Holdings Channel reports. The firm owned 2,571,380 shares of the company’s stock after selling 696,746 shares during the quarter. Assenagon Asset Management S.A.’s holdings in DoubleVerify were worth $24,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DV. Baird Financial Group Inc. acquired a new stake in DoubleVerify during the 1st quarter worth $154,000. Woodline Partners LP grew its stake in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DoubleVerify by 10.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 461,814 shares of the company’s stock worth $6,174,000 after buying an additional 43,343 shares during the last quarter. Creative Planning raised its position in DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after acquiring an additional 3,900 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in DoubleVerify by 624.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after acquiring an additional 3,995 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

DV has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their price target on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Wall Street Zen cut shares of DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Canaccord Genuity Group decreased 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. Wells Fargo & Company dropped their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Raymond James Financial restated an “outperform” rating and set a $14.00 price objective on shares of DoubleVerify in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.70.

DoubleVerify Stock Performance

Shares of DV opened at $10.81 on Friday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 32.75, a P/E/G ratio of 1.12 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. The stock has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $10.35.

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.