Goodman Financial Corp Grows Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Goodman Financial Corp increased its stake in DoubleVerify Holdings, Inc. by 16.7%, owning 801,812 shares valued at approximately $10.72 million as of its latest SEC filing.
• Institutional investors and hedge funds hold a combined 97.29% of DoubleVerify's stock, indicating strong institutional interest in the company.
• DoubleVerify recently reported quarterly earnings of $0.01 per share, missing estimates, but achieved revenue of $165.06 million, exceeding expectations, which is a 17.2% year-over-year increase.

Goodman Financial Corp increased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 801,812 shares of the company's stock after buying an additional 114,705 shares during the period. DoubleVerify accounts for 2.3% of Goodman Financial Corp's investment portfolio, making the stock its 27th biggest position. Goodman Financial Corp owned approximately 0.49% of DoubleVerify worth $10,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after acquiring an additional 1,285 shares during the last quarter. Signaturefd LLC lifted its stake in DoubleVerify by 582.9% in the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after purchasing an additional 1,982 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of DoubleVerify in the first quarter valued at about $40,000. Aster Capital Management DIFC Ltd increased its position in shares of DoubleVerify by 50.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after acquiring an additional 1,317 shares during the period. Finally, Redwood Investments LLC purchased a new position in shares of DoubleVerify during the fourth quarter valued at about $94,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Up 1.9%

Shares of NYSE:DV traded up $0.29 during trading hours on Monday, hitting $15.45. The company's stock had a trading volume of 2,089,796 shares, compared to its average volume of 2,435,137. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 2.30 and a beta of 1.05. The firm's fifty day moving average price is $14.86 and its 200 day moving average price is $15.68.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. The business had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. As a group, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DV. The Goldman Sachs Group reduced their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays dropped their price objective on shares of DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Raymond James Financial dropped their target price on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research note on Monday, May 5th. BMO Capital Markets reiterated an "outperform" rating and issued a $26.00 target price (up previously from $25.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.92.

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.