Jupiter Topco LLC Buys Shares of 62,326 DoubleVerify Holdings, Inc. $DV

Jupiter Topco LLC bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,326 shares of the company’s stock, valued at approximately $675,000.

Several other large investors have also modified their holdings of DV. BlackRock Inc. increased its position in DoubleVerify by 19.6% in 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 during the period. Vanguard Group Inc. lifted its stake in shares of DoubleVerify by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,776,618 shares of the company’s stock worth $169,045,000 after buying an additional 360,055 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in DoubleVerify by 1.3% during the fourth quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after acquiring an additional 74,051 shares during the period. AQR Capital Management LLC increased its position in DoubleVerify by 123.4% in the 4th quarter. AQR Capital Management LLC now owns 5,254,565 shares of the company’s stock worth $60,112,000 after buying an additional 2,902,169 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in DoubleVerify by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,333,555 shares of the company’s stock worth $41,169,000 after acquiring an additional 363,005 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on DV shares. Royal Bank Of Canada cut DoubleVerify from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $14.00 to $13.60 in a report on Friday, August 7th. Canaccord Genuity Group cut shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $13.60 in a research note on Friday, August 7th. Wells Fargo & Company raised shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $8.00 to $13.60 in a report on Friday, August 7th. Scotiabank downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $15.00 to $13.60 in a research report on Friday, August 7th. Finally, BMO Capital Markets set a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, DoubleVerify currently has an average rating of “Hold” and a consensus target price of $13.52.

DoubleVerify Price Performance

DV opened at $13.36 on Monday. The stock has a fifty day simple moving average of $12.20 and a two-hundred day simple moving average of $10.87. 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 company has a market cap of $2.07 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 12-month low of $7.64 and a 12-month high of $15.56.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, August 6th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $193.79 million during the quarter, compared to the consensus estimate of $202.23 million. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts predict that DoubleVerify Holdings, Inc. will post 0.59 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.