JSF Financial LLC Sells 286,831 Shares of DoubleVerify Holdings, Inc. $DV

JSF Financial LLC trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 90.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 30,000 shares of the company’s stock after selling 286,831 shares during the quarter. JSF Financial LLC’s holdings in DoubleVerify were worth $405,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DV. BlackRock Inc. increased its holdings in shares of DoubleVerify by 19.6% during the second quarter. BlackRock Inc. now owns 23,152,508 shares of the company’s stock worth $250,973,000 after buying an additional 3,799,956 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of DoubleVerify in the 2nd quarter worth approximately $31,333,000. State Street Corp boosted its holdings in shares of DoubleVerify by 23.3% in the 2nd quarter. State Street Corp now owns 5,375,150 shares of the company’s stock worth $58,267,000 after acquiring an additional 1,014,027 shares in the last quarter. Man Group plc bought a new stake in DoubleVerify during the 2nd quarter worth approximately $9,026,000. Finally, SG Americas Securities LLC grew its position in DoubleVerify by 1,278.9% during the 1st quarter. SG Americas Securities LLC now owns 862,047 shares of the company’s stock worth $8,189,000 after acquiring an additional 799,528 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Down 0.1%

DV opened at $13.54 on Friday. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $13.65. The stock has a market capitalization of $2.10 billion, a PE ratio of 37.62, a PEG ratio of 1.48 and a beta of 0.99. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $13.42 and a two-hundred day moving average price of $11.70.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. DoubleVerify had a net margin of 7.66% and a return on equity of 8.77%. The company had revenue of $193.79 million for the quarter, compared to analyst estimates of $202.23 million. During the same period in the prior year, the business earned $0.05 earnings per share. DoubleVerify’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DV. Nomura set a $13.60 price target on DoubleVerify in a report on Friday, August 7th. BMO Capital Markets set a $13.60 price objective on DoubleVerify in a research report on Friday, August 7th. Wells Fargo & Company raised DoubleVerify from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $8.00 to $13.60 in a research note on Friday, August 7th. Truist Financial lowered DoubleVerify from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $13.60 in a research note on Friday, August 7th. Finally, Raymond James Financial cut DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and a consensus price target of $13.52.

DoubleVerify Profile

DoubleVerify Holdings, Inc (NYSE: DV) provides software and data analytics that help advertisers, agencies, publishers and digital media platforms measure and improve the quality and effectiveness of digital advertising. Its technology is designed to verify whether ads are viewable, delivered in suitable environments and seen by legitimate audiences.

The company’s solutions address areas including fraud prevention, brand safety and suitability, media quality, campaign measurement, reach and frequency, and advertising performance.