Jefferies Financial Group Inc. Purchases New Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Jefferies Financial Group Inc. purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 334,279 shares of the company's stock, valued at approximately $6,422,000. Jefferies Financial Group Inc. owned about 0.20% of DoubleVerify at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of DV. Geneva Capital Management LLC increased its stake in DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Norges Bank acquired a new position in DoubleVerify during the fourth quarter worth $33,957,000. JPMorgan Chase & Co. boosted its holdings in DoubleVerify by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock worth $13,609,000 after purchasing an additional 63,196 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after acquiring an additional 71,000 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after acquiring an additional 981 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Up 2.5%

DoubleVerify stock traded up $0.33 during mid-day trading on Friday, hitting $13.72. 7,478,461 shares of the stock were exchanged, compared to its average volume of 2,320,972. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. The firm's fifty day simple moving average is $13.25 and its two-hundred day simple moving average is $17.26. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 37.08, a PEG ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 10.33% and a return on equity of 5.99%. The business's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 EPS. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DV. Canaccord Genuity Group dropped their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird reaffirmed a "neutral" rating and set a $14.00 price target (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Cannonball Research downgraded shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. Bank of America upgraded shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Finally, Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and a consensus price target of $19.31.

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.