Lumbard & Kellner LLC Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Lumbard & Kellner LLC increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 56.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,150 shares of the company’s stock after purchasing an additional 89,599 shares during the period. DoubleVerify accounts for 1.5% of Lumbard & Kellner LLC’s portfolio, making the stock its 26th largest holding. Lumbard & Kellner LLC owned 0.15% of DoubleVerify worth $3,304,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after acquiring an additional 1,285 shares during the period. Versant Capital Management Inc purchased a new stake in shares of DoubleVerify during the first quarter worth about $40,000. Allianz SE bought a new stake in DoubleVerify during the 4th quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd raised its stake in 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 purchasing an additional 1,317 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 1.2%

DV opened at $14.17 on Thursday. The stock has a 50-day moving average of $13.66 and a 200 day moving average of $16.77. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. The firm has a market cap of $2.30 billion, a P/E ratio of 50.62, a P/E/G ratio of 2.26 and a beta of 1.03.

DoubleVerify (NYSE:DV) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). The company had revenue of $165.06 million during the quarter, compared to the consensus estimate of $153.07 million. DoubleVerify had a net margin of 7.55% and a return on equity of 4.73%. DoubleVerify’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. As a group, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DV. Raymond James Financial dropped their price target on DoubleVerify from $22.00 to $16.00 and set an “outperform” rating for the company in a research note on Monday, May 5th. Royal Bank Of Canada lowered their target price on shares of DoubleVerify from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus raised their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, June 12th. Wells Fargo & Company set a $13.00 price target on shares of DoubleVerify and gave the stock an “underweight” rating in a research note on Thursday, June 12th. Finally, Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

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.