Jefferies Financial Group Inc. Acquires New Holdings in DoubleVerify Holdings, Inc. $DV

Jefferies Financial Group Inc. bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 73,627 shares of the company’s stock, valued at approximately $882,000.

A number of other large investors have also added to or reduced their stakes in DV. Clearstead Advisors LLC boosted its holdings in shares of DoubleVerify by 210.0% in the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after buying an additional 1,392 shares in the last quarter. Hantz Financial Services Inc. grew its position 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 worth $41,000 after buying an additional 2,211 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of DoubleVerify during the 2nd quarter worth approximately $42,000. Atlantic Union Bankshares Corp purchased a new stake in DoubleVerify during the third quarter valued at approximately $51,000. Finally, Tower Research Capital LLC TRC lifted its position in DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after acquiring an additional 2,660 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Trading Down 2.4%

NYSE DV opened at $10.34 on Friday. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $16.82. The company has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $11.34. The stock has a market cap of $1.67 billion, a P/E ratio of 34.47, a P/E/G ratio of 1.20 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced 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 net margin of 6.77% and a return on equity of 7.50%. The company had revenue of $205.59 million for the quarter, compared to analysts’ expectations of $208.77 million. During the same period last year, the firm earned $0.13 earnings per share. DoubleVerify’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DV. Wells Fargo & Company lifted their price target on shares of DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a report on Monday, March 2nd. Royal Bank Of Canada decreased their price objective on DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Zacks Research cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Barclays restated an “equal weight” rating and set a $12.00 target price on shares of DoubleVerify in a research note on Monday, January 12th. Finally, Morgan Stanley upped their target price on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.88.

DoubleVerify Company 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.