Mackenzie Financial Corp Increases Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Mackenzie Financial Corp grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 20.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,661,283 shares of the company's stock after purchasing an additional 948,529 shares during the quarter. Mackenzie Financial Corp owned approximately 3.35% of DoubleVerify worth $108,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DV. SG Americas Securities LLC acquired a new position in shares of DoubleVerify in the fourth quarter worth approximately $113,000. Janney Montgomery Scott LLC acquired a new position in shares of DoubleVerify in the fourth quarter worth approximately $475,000. KBC Group NV lifted its stake in shares of DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company's stock worth $125,000 after acquiring an additional 1,494 shares during the period. Pacer Advisors Inc. lifted its stake in shares of DoubleVerify by 5,838.6% in the fourth quarter. Pacer Advisors Inc. now owns 189,025 shares of the company's stock worth $3,631,000 after acquiring an additional 185,842 shares during the period. Finally, Laurus Investment Counsel Inc. lifted its stake in shares of DoubleVerify by 39.0% in the fourth quarter. Laurus Investment Counsel Inc. now owns 859,580 shares of the company's stock worth $16,513,000 after acquiring an additional 241,295 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital lowered DoubleVerify from a "buy" rating to a "hold" rating and cut their price objective for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. The Goldman Sachs Group lowered their target price on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Finally, Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $19.31.

DoubleVerify Stock Performance

Shares of NYSE DV traded up $0.37 during midday trading on Tuesday, hitting $13.50. 2,087,131 shares of the stock traded hands, compared to its average volume of 2,306,268. The company has a market cap of $2.19 billion, a PE ratio of 36.49, a P/E/G ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The business has a 50 day moving average price of $13.30 and a two-hundred day moving average price of $17.38.

DoubleVerify (NYSE:DV - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) 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 analysts' expectations of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The firm's quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. As a group, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

About DoubleVerify

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.