SG Americas Securities LLC Grows Holdings in DoubleVerify Holdings, Inc. $DV

SG Americas Securities LLC increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 1,278.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 862,047 shares of the company’s stock after purchasing an additional 799,528 shares during the period. SG Americas Securities LLC owned approximately 0.55% of DoubleVerify worth $8,189,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. acquired a new position in DoubleVerify during the first 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 grew its stake in shares of DoubleVerify by 10.4% in 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 valued at $6,174,000 after buying an additional 43,343 shares in the last quarter. Creative Planning raised its holdings in shares of DoubleVerify by 17.8% in the 2nd quarter. Creative Planning now owns 25,827 shares of the company’s stock valued at $387,000 after buying an additional 3,900 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of DoubleVerify by 624.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after buying an additional 3,995 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Price Performance

DV opened at $10.81 on Friday. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 1.22 and a beta of 1.00. The business has a fifty day moving average price of $10.27 and a 200 day moving average price of $10.35.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DV. Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. The Goldman Sachs Group increased 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 lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Raymond James Financial restated an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a report on Thursday, May 7th. Finally, Wells Fargo & Company cut their target price on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 12th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and a consensus price target of $15.70.

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.