Pale Fire Capital SE Takes $1.05 Million Position in DoubleVerify Holdings, Inc. $DV

Pale Fire Capital SE purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,500 shares of the company’s stock, valued at approximately $1,050,000.

Several other large investors have also recently added to or reduced their stakes in DV. California State Teachers Retirement System boosted its holdings in DoubleVerify by 0.6% in the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after purchasing an additional 754 shares during the period. Woodline Partners LP raised its holdings in shares of DoubleVerify by 2.5% during the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after purchasing an additional 762 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of DoubleVerify by 2.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock worth $504,000 after purchasing an additional 1,098 shares during the period. Handelsbanken Fonder AB lifted its position in shares of DoubleVerify by 4.1% in the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after buying an additional 1,200 shares during the last quarter. Finally, Xponance LLC lifted its position in shares of DoubleVerify by 9.9% in the 4th quarter. Xponance LLC now owns 14,141 shares of the company’s stock worth $162,000 after buying an additional 1,275 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Up 1.9%

DoubleVerify stock opened at $10.58 on Friday. The firm has a 50-day moving average price of $10.60 and a two-hundred day moving average price of $10.37. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.24 and a beta of 0.96. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DV shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Friday, July 17th. Wall Street Zen downgraded DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. The Goldman Sachs Group upped their target price on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wells Fargo & Company dropped their price target on 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 research report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.39.

DoubleVerify Company 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.