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

Mackenzie Financial Corp raised its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,661,283 shares of the company’s stock after purchasing an additional 948,529 shares during the quarter. Mackenzie Financial Corp owned about 3.35% of DoubleVerify worth $108,753,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Geneva Capital Management LLC increased its position in shares of DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares during the last quarter. Norges Bank acquired a new stake in shares of DoubleVerify in the 4th quarter worth approximately $33,957,000. JPMorgan Chase & Co. lifted its stake in shares of DoubleVerify by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company’s stock worth $13,609,000 after acquiring an additional 63,196 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of DoubleVerify by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company’s stock worth $18,694,000 after acquiring an additional 71,000 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after purchasing an additional 981 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $13.11 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The firm has a 50 day moving average price of $13.34 and a two-hundred day moving average price of $17.46. The stock has a market cap of $2.13 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

DoubleVerify (NYSE:DV) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The firm had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. During the same period in the prior year, the business earned $0.04 EPS. DoubleVerify’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DV has been the topic of a number of recent analyst reports. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Baird R W downgraded shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Barclays dropped their price objective on shares of DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group decreased their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $19.31.

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.