DoubleVerify Holdings, Inc. $DV Shares Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 211.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,539 shares of the company’s stock after buying an additional 249,662 shares during the period. Jupiter Asset Management Ltd.’s holdings in DoubleVerify were worth $4,205,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DV. Fortress Investment Group LLC acquired a new position in DoubleVerify during the 3rd quarter worth approximately $5,668,000. Elo Mutual Pension Insurance Co raised its stake in shares of DoubleVerify by 378.0% during the third quarter. Elo Mutual Pension Insurance Co now owns 141,027 shares of the company’s stock valued at $1,690,000 after purchasing an additional 111,522 shares during the period. Penbrook Management LLC purchased a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $1,177,000. First Eagle Investment Management LLC acquired a new position in shares of DoubleVerify during the third quarter worth $4,043,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of DoubleVerify in the third quarter valued at $1,419,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.4%

DV stock opened at $9.70 on Friday. The firm has a 50 day simple moving average of $10.09 and a 200-day simple moving average of $10.37. The company has a market capitalization of $1.49 billion, a P/E ratio of 29.38, a PEG ratio of 1.09 and a beta of 1.05. DoubleVerify Holdings, Inc. has a twelve month low of $7.64 and a twelve month high of $16.82.

DoubleVerify (NYSE:DV) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). DoubleVerify had a net margin of 7.16% and a return on equity of 7.98%. The company had revenue of $205.59 million during the quarter, compared to analyst estimates of $208.77 million. During the same period in the prior year, the company earned $0.13 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DV shares. Canaccord Genuity Group lowered their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a report on Friday, February 27th. Royal Bank Of Canada cut their price objective 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. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Monday, April 20th. Wall Street Zen downgraded DoubleVerify from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $14.00 target price on shares of DoubleVerify in a research report on Thursday, May 7th. Eleven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.70.

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.