Mackenzie Financial Corp Purchases Shares of 2,722,926 DoubleVerify Holdings, Inc. (NYSE:DV)

Mackenzie Financial Corp bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,722,926 shares of the company’s stock, valued at approximately $53,015,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DV. Whittier Trust Co. bought a new stake in shares of DoubleVerify during the 1st quarter valued at about $28,000. RiverPark Advisors LLC bought a new stake in shares of DoubleVerify during the 1st quarter valued at about $54,000. CWM LLC boosted its position in shares of DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after purchasing an additional 1,900 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of DoubleVerify by 72.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after purchasing an additional 1,742 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after acquiring an additional 1,806 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 0.6 %

Shares of DV opened at $17.17 on Friday. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 2.32 and a beta of 0.92. The stock has a 50 day moving average of $18.87 and a 200 day moving average of $22.72. DoubleVerify Holdings, Inc. has a 12 month low of $16.81 and a 12 month high of $43.00.

DoubleVerify (NYSE:DV) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $155.89 million during the quarter, compared to the consensus estimate of $153.78 million. During the same period last year, the business posted $0.07 earnings per share. DoubleVerify’s revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts predict that DoubleVerify Holdings, Inc. will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $19.25, for a total value of $33,957.00. Following the completion of the sale, the chief financial officer now directly owns 77,314 shares of the company’s stock, valued at $1,488,294.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 5,292 shares of company stock valued at $104,835 over the last ninety days. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DV has been the topic of several recent research reports. Truist Financial cut their price target on DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $40.00 price target on shares of DoubleVerify in a report on Friday, June 14th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a report on Tuesday, September 17th. Macquarie reiterated an “outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a report on Wednesday, July 31st. Finally, Morgan Stanley increased their price target on DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $31.18.

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.