DoubleVerify Holdings, Inc. $DV Stock: Gagnon Securities LLC Trims Position

Gagnon Securities LLC cut its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 10.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 467,095 shares of the company’s stock after selling 56,233 shares during the period. DoubleVerify comprises 1.1% of Gagnon Securities LLC’s portfolio, making the stock its 29th biggest position. Gagnon Securities LLC owned 0.30% of DoubleVerify worth $6,301,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of DoubleVerify during the second quarter valued at $27,000. Nykredit A S purchased a new stake in DoubleVerify in the second quarter worth about $32,000. Bayforest Capital Ltd purchased a new stake in DoubleVerify in the second quarter worth about $36,000. Allworth Financial LP bought a new position in DoubleVerify during the 2nd quarter worth about $52,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in DoubleVerify by 2,114.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,115 shares of the company’s stock worth $55,000 after acquiring an additional 4,884 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on DV. Weiss Ratings upgraded shares of DoubleVerify from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Royal Bank Of Canada downgraded shares of DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $14.00 to $13.60 in a research note on Friday, August 7th. JPMorgan Chase & Co. lowered shares of DoubleVerify from an “overweight” rating to a “neutral” rating and set a $13.60 price objective on the stock. in a report on Friday, August 21st. Citizens Jmp downgraded shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Nomura set a $13.60 price objective on shares of DoubleVerify in a research note on Friday, August 7th. Fourteen research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $13.52.

DoubleVerify Price Performance

Shares of DV stock opened at $13.56 on Thursday. The stock’s 50-day moving average is $13.48 and its 200 day moving average is $11.43. DoubleVerify Holdings, Inc. has a 1-year low of $8.60 and a 1-year high of $13.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.69 and a quick ratio of 4.69. The company has a market cap of $2.12 billion, a P/E ratio of 33.91, a PEG ratio of 1.46 and a beta of 0.93.

DoubleVerify Company Profile

DoubleVerify Holdings, Inc. provides digital media measurement, analytics and optimization services for advertisers, agencies and publishers. Its technology helps clients assess whether digital ads are viewable, free from fraudulent activity and delivered in brand-safe environments across channels such as websites, mobile apps, social media and connected TV. The company’s offerings include verification and performance measurement tools, as well as products designed to help advertisers evaluate and optimize media campaigns.