Louisiana State Employees Retirement System Takes $563,000 Position in DoubleVerify Holdings, Inc. $DV

Louisiana State Employees Retirement System bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the first quarter, according to its most recent filing with the SEC. The fund bought 59,300 shares of the company’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in DoubleVerify by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after buying an additional 360,055 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of DoubleVerify by 1.3% during the 4th quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after acquiring an additional 74,051 shares during the period. AQR Capital Management LLC grew its position in shares of DoubleVerify by 123.4% during the 4th quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock valued at $60,112,000 after acquiring an additional 2,902,169 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of DoubleVerify by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,970,550 shares of the company’s stock worth $45,424,000 after purchasing an additional 234,139 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of DoubleVerify by 2,028.9% in the 4th quarter. Bank of Montreal Can now owns 3,649,995 shares of the company’s stock worth $41,756,000 after purchasing an additional 3,478,542 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DV. Wall Street Zen lowered DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. The Goldman Sachs Group boosted their target price on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wells Fargo & Company cut their price target on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Raymond James Financial reissued an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.39.

DoubleVerify Price Performance

Shares of DV stock opened at $11.46 on Wednesday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 1.40 and a beta of 0.96. The company’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $10.36. 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.