DoubleVerify Holdings, Inc. (NYSE:DV) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 1.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,752,688 shares of the company’s stock after acquiring an additional 91,405 shares during the period. Mackenzie Financial Corp’s holdings in DoubleVerify were worth $76,913,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DV. Sei Investments Co. raised its position in shares of DoubleVerify by 2.8% in the fourth quarter. Sei Investments Co. now owns 412,668 shares of the company’s stock valued at $7,927,000 after buying an additional 11,342 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in DoubleVerify in the fourth quarter valued at approximately $576,000. LPL Financial LLC grew its holdings in DoubleVerify by 15.3% in the fourth quarter. LPL Financial LLC now owns 31,123 shares of the company’s stock valued at $598,000 after purchasing an additional 4,123 shares during the period. Vanguard Group Inc. grew its holdings in DoubleVerify by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock valued at $335,816,000 after purchasing an additional 143,773 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in DoubleVerify by 9.8% in the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company’s stock valued at $13,609,000 after purchasing an additional 63,196 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 1.8%

NYSE DV opened at $15.99 on Tuesday. The company’s fifty day simple moving average is $14.72 and its 200-day simple moving average is $15.80. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.60 billion, a P/E ratio of 57.11, a PEG ratio of 2.38 and a beta of 1.05.

DoubleVerify (NYSE:DV) last posted its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). DoubleVerify had a return on equity of 4.73% and a net margin of 7.55%. The firm had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DV. The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Barclays lowered their target price on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Morgan Stanley lowered their target price on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Stifel Nicolaus boosted their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $20.00 target price on shares of DoubleVerify in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, DoubleVerify has an average rating of “Moderate Buy” and an average target price of $18.92.

DoubleVerify Profile

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.