JPMorgan Chase & Co. Grows Stake in DoubleVerify Holdings, Inc. $DV

JPMorgan Chase & Co. grew its holdings 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 firm owned 988,869 shares of the company’s stock after buying an additional 220,639 shares during the period. JPMorgan Chase & Co. owned 0.60% of DoubleVerify worth $11,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new position in DoubleVerify during the 2nd quarter valued at $42,000. Hantz Financial Services Inc. boosted its stake in shares of DoubleVerify by 178.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after purchasing an additional 2,211 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 buying an additional 2,660 shares during the period. Atlantic Union Bankshares Corp bought a new position in DoubleVerify in the third quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in DoubleVerify by 624.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock worth $69,000 after buying an additional 3,995 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

DV has been the subject of several research reports. Canaccord Genuity Group decreased their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Barclays reaffirmed an “equal weight” rating and issued a $12.00 price target on shares of DoubleVerify in a research note on Monday, January 12th. Zacks Research lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Needham & Company LLC reduced their target price on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Finally, Stifel Nicolaus lowered their price target on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.88.

DoubleVerify Trading Up 5.6%

NYSE DV opened at $10.92 on Friday. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The stock’s fifty day moving average price is $10.38 and its 200-day moving average price is $11.52. The stock has a market cap of $1.77 billion, a P/E ratio of 36.40, a P/E/G ratio of 0.92 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its quarterly 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). 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 the consensus estimate of $208.77 million. During the same quarter in the previous year, the firm earned $0.13 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.