Lombard Odier Asset Management USA Corp Purchases Shares of 16,120 DoubleVerify Holdings, Inc. (NYSE:DV)

Lombard Odier Asset Management USA Corp acquired a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,120 shares of the company’s stock, valued at approximately $314,000.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. bought a new position in DoubleVerify in the 1st quarter valued at $28,000. Quadrant Capital Group LLC grew its stake in DoubleVerify by 65.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,486 shares of the company’s stock worth $55,000 after buying an additional 587 shares during the last quarter. RiverPark Advisors LLC acquired a new position in shares of DoubleVerify during the first quarter valued at about $54,000. CWM LLC raised its holdings in shares of DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares during the last quarter. Finally, Park Place Capital Corp lifted its position in DoubleVerify by 153.5% during the 1st quarter. Park Place Capital Corp now owns 4,021 shares of the company’s stock worth $141,000 after acquiring an additional 2,435 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

NYSE DV opened at $17.33 on Tuesday. DoubleVerify Holdings, Inc. has a 12 month low of $16.88 and a 12 month high of $43.00. The company has a 50-day moving average of $19.09 and a 200-day moving average of $23.01. The company has a market cap of $2.98 billion, a P/E ratio of 45.61, a P/E/G ratio of 2.40 and a beta of 0.92.

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

Wall Street Analysts Forecast Growth

DV has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $28.00 price target on shares of DoubleVerify in a report on Friday, September 13th. Morgan Stanley increased their price objective on shares of DoubleVerify from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research note on Tuesday, September 17th. Truist Financial dropped their price objective on shares of DoubleVerify from $32.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $31.18.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 5,292 shares of company stock worth $104,835. 3.00% of the stock is currently owned by insiders.

DoubleVerify Company 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.