Lecap Asset Management Ltd. Sells 36,340 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Lecap Asset Management Ltd. lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 43.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,165 shares of the company’s stock after selling 36,340 shares during the quarter. Lecap Asset Management Ltd.’s holdings in DoubleVerify were worth $811,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DV. Assenagon Asset Management S.A. purchased a new position in shares of DoubleVerify during the second quarter valued at approximately $73,268,000. Burgundy Asset Management Ltd. purchased a new position in shares of DoubleVerify during the second quarter valued at approximately $54,099,000. Mackenzie Financial Corp purchased a new position in shares of DoubleVerify during the second quarter valued at approximately $53,015,000. Jericho Capital Asset Management L.P. purchased a new position in shares of DoubleVerify during the first quarter valued at approximately $53,584,000. Finally, Capital International Investors boosted its position in shares of DoubleVerify by 104.7% during the first quarter. Capital International Investors now owns 1,681,385 shares of the company’s stock valued at $59,117,000 after buying an additional 859,922 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DV. JMP Securities cut their price objective on DoubleVerify from $34.00 to $33.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Piper Sandler cut their price objective on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday. Macquarie cut their price objective on DoubleVerify from $25.00 to $19.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 17th. Finally, Truist Financial cut their price objective on DoubleVerify from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.65.

DoubleVerify Stock Performance

NYSE:DV opened at $16.81 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.21 and a beta of 0.90. The business’s fifty day moving average is $17.88 and its 200 day moving average is $20.56.

DoubleVerify (NYSE:DV) last released 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. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $155.89 million for the quarter, compared to analyst estimates of $153.78 million. During the same period in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $17.28, for a total transaction of $30,481.92. Following the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,410,013.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 8,820 shares of company stock worth $153,591. 3.00% of the stock is owned by company 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.