73,627 Shares in DoubleVerify Holdings, Inc. $DV Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 73,627 shares of the company’s stock, valued at approximately $882,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DV. Clearstead Advisors LLC raised its position in DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock worth $25,000 after buying an additional 1,392 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of DoubleVerify by 178.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after acquiring an additional 2,211 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of DoubleVerify in the 2nd quarter valued at $42,000. Atlantic Union Bankshares Corp acquired a new stake in shares of DoubleVerify in the third quarter worth $51,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after acquiring an additional 2,660 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DV shares. Wells Fargo & Company boosted their target price on shares of DoubleVerify from $8.00 to $9.00 and gave the company an “underweight” rating in a research report on Monday, March 2nd. Royal Bank Of Canada cut their price target on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 27th. Canaccord Genuity Group reduced their price objective on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Morgan Stanley boosted their price objective on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Finally, Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, DoubleVerify has an average rating of “Moderate Buy” and a consensus target price of $15.88.

DoubleVerify Stock Performance

DV stock opened at $10.34 on Friday. The firm has a market cap of $1.67 billion, a PE ratio of 34.47, a P/E/G ratio of 1.20 and a beta of 0.98. The firm’s fifty day moving average is $10.30 and its 200 day moving average is $11.34. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82.

DoubleVerify (NYSE:DV) last issued its quarterly earnings data 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 return on equity of 7.50% and a net margin of 6.77%.The firm had revenue of $205.59 million during the quarter, compared to analyst estimates of $208.77 million. During the same quarter last year, the company posted $0.13 EPS. The company’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

About DoubleVerify

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.