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

Lazard Asset Management LLC grew its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 51.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 105,046 shares of the company's stock after purchasing an additional 35,506 shares during the quarter. Lazard Asset Management LLC owned about 0.06% of DoubleVerify worth $2,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. lifted its stake in shares of DoubleVerify by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after buying an additional 571 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after buying an additional 981 shares during the period. Summit Creek Advisors LLC lifted its stake in shares of DoubleVerify by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company's stock worth $7,080,000 after buying an additional 1,153 shares during the period. Sterling Capital Management LLC lifted its stake in shares of DoubleVerify by 31.2% during the fourth quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock worth $98,000 after buying an additional 1,214 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in shares of DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after buying an additional 1,285 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of DoubleVerify from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Raymond James lowered their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Robert W. Baird restated a "neutral" rating and set a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Loop Capital downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their target price for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Finally, Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of DoubleVerify in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.31.

DoubleVerify Trading Down 4.7%

Shares of DoubleVerify stock traded down $0.64 during trading hours on Friday, reaching $13.11. The stock had a trading volume of 1,955,638 shares, compared to its average volume of 2,311,167. The stock's 50 day moving average is $13.34 and its 200 day moving average is $17.48. The firm has a market capitalization of $2.13 billion, a PE ratio of 35.43, a PEG ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). DoubleVerify had a return on equity of 5.99% and a net margin of 10.33%. The company had revenue of $165.06 million for the quarter, compared to analyst estimates of $153.07 million. During the same quarter last year, the company earned $0.04 EPS. The firm's revenue for the quarter was up 17.2% on a year-over-year basis. As a group, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.