DoubleVerify Holdings, Inc. $DV Position Lessened by JSF Financial LLC

Key Points

• JSF Financial sharply reduced its DoubleVerify stake by 90.5% in the third quarter, selling 286,831 shares and retaining 30,000 shares valued at approximately $405,000.
• DoubleVerify reported quarterly EPS of $0.22, beating estimates of $0.11, while revenue rose 2.5% year over year to $193.79 million but fell short of expectations.
• Analyst sentiment is largely cautious: 14 analysts rate the stock Hold and two rate it Buy, with a consensus price target of $13.52 versus a recent share price of $13.54.

JSF Financial LLC cut its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 90.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the company's stock after selling 286,831 shares during the period. JSF Financial LLC's holdings in DoubleVerify were worth $405,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Hsbc Holdings PLC boosted its stake in DoubleVerify by 1.5% during the second quarter. Hsbc Holdings PLC now owns 77,453 shares of the company's stock worth $839,000 after buying an additional 1,169 shares in the last quarter. Quantbot Technologies LP bought a new stake in DoubleVerify in the 2nd quarter valued at $27,000. Evolve Private Wealth LLC increased its holdings in DoubleVerify by 21.8% in the 1st quarter. Evolve Private Wealth LLC now owns 14,427 shares of the company's stock valued at $137,000 after buying an additional 2,580 shares during the period. The Manufacturers Life Insurance Company increased its holdings in DoubleVerify by 9.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 30,588 shares of the company's stock valued at $291,000 after buying an additional 2,692 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of DoubleVerify by 38.7% in the 3rd quarter. GAMMA Investing LLC now owns 10,056 shares of the company's stock valued at $136,000 after buying an additional 2,806 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Price Performance

Shares of DV stock opened at $13.54 on Friday. The stock's fifty day simple moving average is $13.42 and its 200 day simple moving average is $11.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.50 and a quick ratio of 4.50. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 1.48 and a beta of 0.99. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $13.65.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.11. DoubleVerify had a return on equity of 8.77% and a net margin of 7.66%. The firm had revenue of $193.79 million for the quarter, compared to analysts' expectations of $202.23 million. During the same period in the prior year, the business posted $0.05 earnings per share. The business's revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of DoubleVerify from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, September 2nd. Scotiabank lowered shares of DoubleVerify from an "outperform" rating to a "sector perform" rating and decreased their target price for the company from $15.00 to $13.60 in a research report on Friday, August 7th. Raymond James Financial cut shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a research note on Friday, August 7th. Truist Financial cut shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their target price for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Finally, Canaccord Genuity Group lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and dropped their price target for the stock from $16.00 to $13.60 in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.52.

DoubleVerify Profile

DoubleVerify Holdings, Inc NYSE: DV provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are viewable, delivered in suitable environments and seen by legitimate audiences.

The company's solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.

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