Olympiad Research LP Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Olympiad Research LP bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 20,321 shares of the company’s stock, valued at approximately $342,000.

Several other large investors have also added to or reduced their stakes in DV. United Services Automobile Association raised its holdings in shares of DoubleVerify by 7.4% in the 2nd quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock valued at $210,000 after acquiring an additional 746 shares in the last quarter. Whittier Trust Co. purchased a new position in DoubleVerify in the 1st quarter worth approximately $28,000. Arizona State Retirement System increased its stake in DoubleVerify by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock worth $793,000 after purchasing an additional 927 shares during the period. Gagnon Securities LLC grew its position in shares of DoubleVerify by 1.2% in the 1st quarter. Gagnon Securities LLC now owns 86,018 shares of the company’s stock worth $3,024,000 after buying an additional 1,045 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of DoubleVerify by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock worth $663,000 after buying an additional 1,218 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction that occurred 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 $1,410,013.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders sold 7,056 shares of company stock valued at $119,634. Insiders own 3.00% of the company’s stock.

DoubleVerify Stock Up 0.8 %

NYSE DV opened at $19.72 on Friday. The business has a 50-day moving average price of $17.54 and a 200-day moving average price of $19.59. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90.

DoubleVerify (NYSE:DV) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. DoubleVerify had a return on equity of 5.70% and a net margin of 9.97%. The company had revenue of $169.56 million during the quarter, compared to analyst estimates of $168.93 million. Research analysts expect that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

DoubleVerify announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Macquarie reiterated an “outperform” rating and set a $19.00 price objective on shares of DoubleVerify in a research note on Thursday. JMP Securities lowered their price objective on DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating for the company in a research note on Thursday. BMO Capital Markets decreased their price target on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and a consensus target price of $24.47.

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.