341,675 Shares in DoubleVerify Holdings, Inc. $DV Bought by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the first quarter, HoldingsChannel reports. The firm bought 341,675 shares of the company’s stock, valued at approximately $3,246,000. DoubleVerify accounts for approximately 2.1% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 15th largest position.

Other hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock valued at $1,993,000 after acquiring an additional 754 shares during the last quarter. Woodline Partners LP increased its stake in DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of DoubleVerify by 2.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock valued at $504,000 after buying an additional 1,098 shares during the period. Central Pacific Bank Trust Division grew its position in shares of DoubleVerify by 9.0% during the 4th quarter. Central Pacific Bank Trust Division now owns 13,707 shares of the company’s stock valued at $157,000 after buying an additional 1,130 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its stake in DoubleVerify by 4.1% during the fourth quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after acquiring an additional 1,200 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $11.71 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $16.82. The firm has a market cap of $1.80 billion, a P/E ratio of 35.48, a PEG ratio of 1.40 and a beta of 0.96. The stock has a fifty day moving average price of $10.39 and a two-hundred day moving average price of $10.37.

Analysts Set New Price Targets

A number of equities analysts have commented on DV shares. The Goldman Sachs Group lifted 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. Wall Street Zen lowered DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Wells Fargo & Company lowered 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Finally, Raymond James Financial restated an “outperform” rating and set a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.39.

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.