Lecap Asset Management Ltd. Lowers Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Lecap Asset Management Ltd. trimmed its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 68.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,917 shares of the company's stock after selling 26,353 shares during the quarter. Lecap Asset Management Ltd.'s holdings in DoubleVerify were worth $159,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DV. Smartleaf Asset Management LLC increased its position in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after purchasing an additional 981 shares in the last quarter. Quadrant Capital Group LLC grew its stake in 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. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify in the first quarter worth $40,000. Allianz SE purchased a new position in shares of DoubleVerify in the 4th quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock valued at $75,000 after acquiring an additional 1,317 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Trading Up 0.8%

Shares of NYSE DV opened at $14.76 on Friday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 52.70, a PEG ratio of 2.22 and a beta of 1.03. The stock's 50 day moving average price is $13.92 and its two-hundred day moving average price is $16.52. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11.

DoubleVerify (NYSE:DV - Get Free Report) last announced its 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 net margin of 7.55% and a return on equity of 4.73%. The business had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. During the same period in the previous year, the firm earned $0.04 EPS. The firm's revenue was up 17.2% on a year-over-year basis. On average, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on DV shares. Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Canaccord Genuity Group dropped their target price on DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Robert W. Baird reissued a "neutral" rating and set a $14.00 price target (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 lowered their price objective for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $26.00 target price (up from $25.00) on shares of DoubleVerify in a research report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.86.

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.

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