DoubleVerify Holdings, Inc. $DV Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 28.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 988,869 shares of the company’s stock after acquiring an additional 220,639 shares during the period. JPMorgan Chase & Co.’s holdings in DoubleVerify were worth $11,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DV. TradeLink Capital LLC bought a new stake in DoubleVerify during the 2nd quarter valued at $607,000. Elo Mutual Pension Insurance Co grew its stake in shares of DoubleVerify by 378.0% in the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock worth $1,690,000 after purchasing an additional 111,522 shares in the last quarter. First Eagle Investment Management LLC bought a new position in shares of DoubleVerify in the third quarter worth $4,043,000. Fortress Investment Group LLC acquired a new position in shares of DoubleVerify during the third quarter valued at $5,668,000. Finally, Hussman Strategic Advisors Inc. bought a new stake in shares of DoubleVerify during the third quarter valued at about $2,516,000. 97.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DV has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price objective on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Morgan Stanley upped their price target on shares of DoubleVerify from $15.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Barclays reiterated an “equal weight” rating and issued a $12.00 price objective on shares of DoubleVerify in a report on Monday, January 12th. Finally, Zacks Research lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

DoubleVerify Stock Down 5.0%

NYSE:DV opened at $9.34 on Friday. The business’s 50-day moving average price is $10.10 and its 200 day moving average price is $10.89. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82. The firm has a market cap of $1.51 billion, a P/E ratio of 31.12, a PEG ratio of 1.11 and a beta of 0.98.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million during the quarter, compared to analyst estimates of $208.77 million. During the same period in the previous year, the company posted $0.13 earnings per share. DoubleVerify’s revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

DoubleVerify Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.