Fort Washington Investment Advisors Inc. OH Grows Position in DoubleVerify Holdings, Inc. $DV

Fort Washington Investment Advisors Inc. OH boosted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 17.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,204,762 shares of the company’s stock after purchasing an additional 321,930 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 1.40% of DoubleVerify worth $20,945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DV. Baird Financial Group Inc. purchased a new position in shares of DoubleVerify during the first quarter valued at approximately $154,000. Woodline Partners LP raised its holdings in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after buying an additional 762 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $6,174,000 after buying an additional 43,343 shares during the period. Creative Planning lifted its stake in shares of DoubleVerify by 17.8% during the 2nd quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after acquiring an additional 3,900 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in DoubleVerify by 624.2% during the 2nd 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 period. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $10.81 on Monday. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82. The firm 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 stock has a 50 day moving average price of $10.27 and a 200 day moving average price of $10.35.

Analyst Ratings Changes

Several equities analysts have commented on DV shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of DoubleVerify in a research report on Thursday, May 7th. The Goldman Sachs Group lifted their target price on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research note on Monday, April 20th. Wall Street Zen cut shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Wells Fargo & Company reduced their price target 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 research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.