Mackenzie Financial Corp Buys 91,405 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Mackenzie Financial Corp increased its stake in DoubleVerify Holdings by 1.6% during the first quarter, owning approximately 3.54% of the company's shares valued at $76.91 million.
• Recent analyst ratings have resulted in varied price target adjustments for DoubleVerify, with Barclays lowering its target from $24.00 to $16.00 and Truist Financial raising its target to $22.00.
• DoubleVerify's shares are currently priced at $15.46, reflecting a decrease of 3.2% during midday trading, with a market capitalization of $2.51 billion.

Mackenzie Financial Corp raised its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,752,688 shares of the company's stock after purchasing an additional 91,405 shares during the period. Mackenzie Financial Corp owned approximately 3.54% of DoubleVerify worth $76,913,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of DoubleVerify by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after acquiring an additional 571 shares during the period. Sterling Capital Management LLC grew its position in DoubleVerify by 31.2% in the fourth quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock valued at $98,000 after purchasing an additional 1,214 shares in the last quarter. Quadrant Capital Group LLC grew its position in DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after purchasing an additional 1,285 shares in the last quarter. Aster Capital Management DIFC Ltd grew its position in 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 purchasing an additional 1,317 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in DoubleVerify by 0.5% in the fourth quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after purchasing an additional 1,779 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DV shares. JPMorgan Chase & Co. raised shares of DoubleVerify from a "neutral" rating to an "overweight" rating and raised their target price for the company from $18.00 to $19.00 in a research report on Friday. Royal Bank Of Canada decreased their target price on shares of DoubleVerify from $24.00 to $21.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Craig Hallum reaffirmed a "buy" rating and issued a $20.00 target price on shares of DoubleVerify in a research report on Monday, July 7th. The Goldman Sachs Group decreased their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.92.

DoubleVerify Stock Down 1.5%

Shares of DoubleVerify stock traded down $0.23 during trading on Friday, reaching $15.10. 1,230,014 shares of the company traded hands, compared to its average volume of 2,428,281. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11. The company has a 50 day moving average price of $14.82 and a 200-day moving average price of $15.76. The firm has a market capitalization of $2.45 billion, a PE ratio of 53.91, a P/E/G ratio of 2.36 and a beta of 1.05.

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). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The business had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same quarter in the previous year, the company posted $0.04 EPS. The business's quarterly revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share 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.