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

JPMorgan Chase & Co. lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 28.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 988,869 shares of the company’s stock after purchasing an additional 220,639 shares during the period. JPMorgan Chase & Co. owned about 0.61% of DoubleVerify worth $11,847,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van Berkom & Associates Inc. raised its stake in DoubleVerify by 2.6% during the third quarter. Van Berkom & Associates Inc. now owns 3,739,071 shares of the company’s stock valued at $44,794,000 after buying an additional 95,235 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of DoubleVerify by 24.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,736,411 shares of the company’s stock worth $44,764,000 after acquiring an additional 743,825 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of DoubleVerify by 40.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock valued at $43,397,000 after acquiring an additional 1,049,726 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in shares of DoubleVerify by 42.5% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 2,895,694 shares of the company’s stock valued at $34,690,000 after acquiring an additional 863,899 shares during the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of DoubleVerify during the 2nd quarter valued at approximately $38,325,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Price Performance

Shares of DV opened at $9.34 on Friday. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The stock has a fifty day moving average price of $10.10 and a 200 day moving average price of $10.89. The company 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 posted its earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). The company had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Royal Bank Of Canada dropped their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. Canaccord Genuity Group reduced 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. Zacks Research downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Wells Fargo & Company increased their price objective on shares of DoubleVerify from $8.00 to $9.00 and gave the stock an “underweight” rating in a research note on Monday, March 2nd. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and an average target price of $16.00.

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.