Jefferies Financial Group Inc. Has $2.18 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Jefferies Financial Group reduced its stake in DoubleVerify by 51.2%, selling 171,003 shares to hold 163,276 shares worth approximately $2.18 million as of the latest SEC filing.
• Analysts' price targets for DoubleVerify vary, with Goldman Sachs lowering its target to $15.50 while BMO Capital Markets raised its target to $26.00, reflecting mixed outlooks on the stock.
• DoubleVerify reported Q1 earnings, missing EPS estimates at $0.01, though revenue grew by 17.2% year-over-year to $165.06 million, exceeding analyst predictions.

Jefferies Financial Group Inc. lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 51.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 163,276 shares of the company's stock after selling 171,003 shares during the period. Jefferies Financial Group Inc. owned approximately 0.10% of DoubleVerify worth $2,183,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DV. Mackenzie Financial Corp boosted its holdings in DoubleVerify by 1.6% in the 1st quarter. Mackenzie Financial Corp now owns 5,752,688 shares of the company's stock valued at $76,913,000 after purchasing an additional 91,405 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in DoubleVerify by 73.2% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock valued at $94,262,000 after purchasing an additional 2,073,279 shares during the period. AQR Capital Management LLC boosted its holdings in DoubleVerify by 29.5% in the 4th quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock valued at $50,002,000 after purchasing an additional 592,435 shares during the period. Dimensional Fund Advisors LP boosted its holdings in DoubleVerify by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock valued at $40,754,000 after purchasing an additional 10,803 shares during the period. Finally, Norges Bank bought a new stake in DoubleVerify in the 4th quarter valued at about $33,957,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

DV has been the subject of a number of recent analyst reports. Raymond James Financial cut their price target on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a report on Monday, May 5th. Stifel Nicolaus upped their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Canaccord Genuity Group cut their price target on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. raised shares of DoubleVerify from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $20.00 price target on shares of DoubleVerify in a report on Thursday, June 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.13.

DoubleVerify Trading Up 0.2%

NYSE DV traded up $0.04 on Friday, hitting $14.87. The company's stock had a trading volume of 1,812,329 shares, compared to its average volume of 2,467,488. The company has a quick ratio of 3.72, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11. The company's 50-day moving average is $15.02 and its 200 day moving average is $15.63. The firm has a market cap of $2.42 billion, a PE ratio of 51.36, a PEG ratio of 2.39 and a beta of 1.05.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The business had revenue of $189.02 million during the quarter, compared to analyst estimates of $171.14 million. During the same quarter last year, the company posted $0.04 earnings per share. The company's revenue was up 21.3% compared to the same quarter last year. As a group, analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

DoubleVerify Company 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.