JPMorgan Chase & Co. Acquires 220,639 Shares of DoubleVerify Holdings, Inc. $DV

JPMorgan Chase & Co. lifted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 28.7% in the 3rd quarter, Holdings Channel reports. The firm owned 988,869 shares of the company’s stock after acquiring an additional 220,639 shares during the period. JPMorgan Chase & Co.’s holdings in DoubleVerify were worth $11,847,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Cooper Creek Partners Management LLC purchased a new position in DoubleVerify in the 2nd quarter worth about $38,325,000. SG Capital Management LLC purchased a new position in shares of DoubleVerify during the second quarter valued at approximately $33,642,000. Norges Bank bought a new position in DoubleVerify during the second quarter valued at approximately $23,640,000. Arohi Asset Management PTE Ltd. purchased a new stake in DoubleVerify in the second quarter worth approximately $17,214,000. Finally, Assenagon Asset Management S.A. grew its position in DoubleVerify by 40.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,622,449 shares of the company’s stock worth $43,397,000 after purchasing an additional 1,049,726 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 5.6%

NYSE:DV opened at $10.92 on Friday. The business’s 50-day moving average is $10.38 and its 200 day moving average is $11.52. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.82. The company has a market capitalization 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 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02). DoubleVerify had a net margin of 6.77% and a return on equity of 7.50%. The business had revenue of $205.59 million during the quarter, compared to the consensus estimate of $208.77 million. During the same period in the previous year, the business posted $0.13 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on DoubleVerify from $18.00 to $16.00 and set a “buy” 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 Wednesday, January 21st. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Truist Financial lowered their price objective on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, Needham & Company LLC dropped their price objective on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and an average target price of $15.88.

DoubleVerify 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.