Janus Henderson Group PLC Grows Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Janus Henderson Group PLC grew its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 26.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 465,293 shares of the company’s stock after purchasing an additional 97,979 shares during the quarter. Janus Henderson Group PLC owned about 0.28% of DoubleVerify worth $8,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in DoubleVerify during the fourth quarter valued at $33,957,000. BNP Paribas Financial Markets acquired a new position in DoubleVerify during the fourth quarter valued at $31,579,000. Alta Fox Capital Management LLC acquired a new position in DoubleVerify during the fourth quarter valued at $24,267,000. Rockefeller Capital Management L.P. acquired a new position in DoubleVerify during the fourth quarter valued at $14,932,000. Finally, Goodman Financial Corp acquired a new position in DoubleVerify during the fourth quarter valued at $13,199,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DV has been the subject of a number of research reports. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Morgan Stanley decreased their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group cut their target price on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and a consensus target price of $19.31.

DoubleVerify Stock Down 1.0%

DoubleVerify stock opened at $14.25 on Friday. The firm has a market cap of $2.32 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The company’s 50 day moving average is $13.41 and its two-hundred day moving average is $17.61.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data 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 net margin of 10.33% and a return on equity of 5.99%. The firm had revenue of $165.06 million during the quarter, compared to analysts’ expectations of $153.07 million. During the same period in the prior year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

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.