Oppenheimer Asset Management Inc. Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Oppenheimer Asset Management Inc. increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 20.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,377 shares of the company’s stock after purchasing an additional 23,962 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of DoubleVerify worth $2,772,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DV. Assenagon Asset Management S.A. purchased a new position in DoubleVerify during the 2nd quarter valued at about $73,268,000. Congress Asset Management Co. MA increased its holdings in DoubleVerify by 813.2% during the 1st quarter. Congress Asset Management Co. MA now owns 4,017,499 shares of the company’s stock valued at $141,255,000 after acquiring an additional 3,577,575 shares in the last quarter. Vanguard Group Inc. increased its holdings in DoubleVerify by 15.0% during the 4th quarter. Vanguard Group Inc. now owns 15,510,989 shares of the company’s stock valued at $570,494,000 after acquiring an additional 2,017,687 shares in the last quarter. Norges Bank purchased a new position in DoubleVerify during the 4th quarter valued at about $58,477,000. Finally, Jericho Capital Asset Management L.P. purchased a new position in DoubleVerify during the 1st quarter valued at about $53,584,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.4 %

DV opened at $17.16 on Wednesday. The firm has a market capitalization of $2.95 billion, a P/E ratio of 45.16, a P/E/G ratio of 2.40 and a beta of 0.92. The firm’s 50 day moving average is $19.31 and its 200-day moving average is $23.38. DoubleVerify Holdings, Inc. has a 52-week low of $16.93 and a 52-week high of $43.00.

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

Analyst Ratings Changes

Several equities analysts have weighed in on DV shares. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of DoubleVerify in a research note on Friday, June 14th. Morgan Stanley raised their price target on shares of DoubleVerify from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of DoubleVerify in a research note on Friday, September 13th. Finally, Barclays decreased their price target on shares of DoubleVerify from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.53.

Insider Activity

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $20.16, for a total transaction of $35,562.24. Following the sale, the chief financial officer now owns 77,314 shares in the company, valued at $1,558,650.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 5,292 shares of company stock worth $104,835 over the last 90 days. Company insiders own 3.00% of the company’s stock.

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.