Goodman Financial Corp Purchases 114,705 Shares of 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 stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,812 shares of the company's stock after buying an additional 114,705 shares during the quarter. DoubleVerify comprises approximately 2.3% of Goodman Financial Corp's holdings, making the stock its 27th largest position. Goodman Financial Corp owned 0.49% of DoubleVerify worth $10,720,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in DoubleVerify during the fourth quarter worth approximately $576,000. LPL Financial LLC raised its position in DoubleVerify by 15.3% during the fourth quarter. LPL Financial LLC now owns 31,123 shares of the company's stock valued at $598,000 after acquiring an additional 4,123 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of DoubleVerify by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after purchasing an additional 143,773 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of DoubleVerify by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock valued at $13,609,000 after acquiring an additional 63,196 shares in the last quarter. Finally, Norges Bank acquired a new position in DoubleVerify in the 4th quarter valued at $33,957,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DV. Stifel Nicolaus lifted their target price on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. The Goldman Sachs Group cut their price target on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group dropped their price objective on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Truist Financial restated a "buy" rating and issued a $22.00 price objective (up previously from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $26.00 price objective (up from $25.00) on shares of DoubleVerify in a research report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Stock Performance

Shares of NYSE DV traded down $0.15 during mid-day trading on Friday, reaching $15.17. 2,478,065 shares of the company were exchanged, compared to its average volume of 1,740,794. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11. The stock has a market capitalization of $2.46 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.30 and a beta of 1.05. The company's 50-day simple moving average is $14.86 and its 200-day simple moving average is $15.71. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.01.

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