Oppenheimer Asset Management Inc. Purchases 21,829 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Oppenheimer Asset Management Inc. grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 36.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,672 shares of the company's stock after acquiring an additional 21,829 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.05% of DoubleVerify worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DV. Vanguard Group Inc. increased its stake in DoubleVerify by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after purchasing an additional 143,773 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of DoubleVerify by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock valued at $108,753,000 after buying an additional 948,529 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after acquiring an additional 2,073,279 shares in the last quarter. AQR Capital Management LLC increased its position in shares of DoubleVerify by 29.5% during the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock worth $50,002,000 after acquiring an additional 592,435 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its position in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after acquiring an additional 19,684 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on DV shares. BMO Capital Markets reissued an "outperform" rating and set a $26.00 price objective (up from $25.00) on shares of DoubleVerify in a report on Thursday, June 12th. Stifel Nicolaus lifted their target price on DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. The Goldman Sachs Group decreased their price target on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Baird R W cut DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Raymond James Financial cut their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.86.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded up $0.10 on Wednesday, reaching $15.16. 1,183,450 shares of the company traded hands, compared to its average volume of 2,346,697. The company has a 50 day moving average of $14.08 and a 200 day moving average of $16.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.72 and a quick ratio of 3.72. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The firm has a market capitalization of $2.46 billion, a PE ratio of 54.21, a PEG ratio of 2.27 and a beta of 1.05.

DoubleVerify (NYSE:DV - Get Free Report) last posted 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 4.73% and a net margin of 7.55%. The firm had revenue of $165.06 million for the quarter, compared to the consensus estimate of $153.07 million. During the same quarter in the previous year, the company posted $0.04 EPS. The firm's revenue was up 17.2% compared to the same quarter last year. Equities analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

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.