Jefferies Financial Group Inc. Purchases Shares of 334,279 DoubleVerify Holdings, Inc. (NYSE:DV)

Jefferies Financial Group Inc. purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 334,279 shares of the company's stock, valued at approximately $6,422,000. Jefferies Financial Group Inc. owned about 0.20% of DoubleVerify at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Geneva Capital Management LLC lifted its stake in DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after purchasing an additional 19,684 shares during the last quarter. Norges Bank acquired a new stake in shares of DoubleVerify during the 4th quarter valued at $33,957,000. JPMorgan Chase & Co. boosted its stake in shares of DoubleVerify by 9.8% during the 4th quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock worth $13,609,000 after acquiring an additional 63,196 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after acquiring an additional 94,095 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after purchasing an additional 71,000 shares during the period. Institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

DV has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price target on DoubleVerify from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Royal Bank of Canada dropped their target price on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and issued a $18.00 price target on shares of DoubleVerify in a research report on Monday. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Finally, Canaccord Genuity Group cut their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.31.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded down $0.53 during midday trading on Thursday, reaching $14.40. 2,632,143 shares of the company's stock traded hands, compared to its average volume of 2,370,284. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The company's 50 day simple moving average is $13.44 and its 200 day simple moving average is $17.65. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. DoubleVerify's quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $0.04 earnings per share. As a group, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

DoubleVerify Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.