M&G PLC Takes $10.69 Million Position in DoubleVerify Holdings, Inc. $DV

M&G PLC acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 712,772 shares of the company's stock, valued at approximately $10,692,000. M&G PLC owned 0.44% of DoubleVerify as of its most recent SEC filing.

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Other hedge funds have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. bought a new stake in DoubleVerify during the second quarter worth $2,005,000. Acadian Asset Management LLC grew its holdings in shares of DoubleVerify by 69.5% during the 2nd quarter. Acadian Asset Management LLC now owns 371,893 shares of the company's stock valued at $5,564,000 after purchasing an additional 152,472 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in DoubleVerify in the 2nd quarter valued at approximately $292,000. Fox Run Management L.L.C. acquired a new stake in DoubleVerify in the second quarter valued at approximately $242,000. Finally, Savant Capital LLC grew its stake in shares of DoubleVerify by 22.7% during the second quarter. Savant Capital LLC now owns 25,328 shares of the company's stock worth $379,000 after buying an additional 4,683 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Insider Transactions at DoubleVerify

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider owned 96,301 shares of the company's stock, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,488 shares of company stock valued at $157,255 in the last quarter. Company insiders own 3.59% of the company's stock.

Analysts Set New Price Targets

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Several research firms recently weighed in on DV. BMO Capital Markets reissued an "outperform" rating and set a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of DoubleVerify in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on DoubleVerify from $13.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, October 21st. JPMorgan Chase & Co. cut their price objective on DoubleVerify from $19.00 to $17.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Barclays decreased their target price on shares of DoubleVerify from $18.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Hold" and a consensus price target of $16.38.

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DoubleVerify Stock Down 3.4%

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DV stock opened at $10.51 on Thursday. The company has a market cap of $1.69 billion, a P/E ratio of 42.02, a price-to-earnings-growth ratio of 1.67 and a beta of 0.98. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $23.11. The stock's 50 day simple moving average is $11.94 and its 200 day simple moving average is $13.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 3.98.

DoubleVerify (NYSE:DV - Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.13. The company had revenue of $188.62 million for the quarter, compared to analysts' expectations of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.DoubleVerify's quarterly revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal 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.

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