Intech Investment Management LLC Cuts Stock Position in DoubleVerify Holdings, Inc. $DV

Intech Investment Management LLC trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 42.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,640 shares of the company's stock after selling 153,280 shares during the period. Intech Investment Management LLC owned about 0.13% of DoubleVerify worth $3,048,000 as of its most recent SEC filing.

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A number of other hedge funds also recently bought and sold shares of the company. Signaturefd LLC grew its position in DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after acquiring an additional 1,982 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of DoubleVerify by 28.9% in the 1st quarter. Victory Capital Management Inc. now owns 267,105 shares of the company's stock valued at $3,571,000 after purchasing an additional 59,902 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of DoubleVerify during the 1st quarter valued at $195,000. Avantax Advisory Services Inc. raised its position in DoubleVerify by 11.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,926 shares of the company's stock worth $347,000 after purchasing an additional 2,659 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in DoubleVerify by 37.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,502 shares of the company's stock worth $742,000 after purchasing an additional 15,190 shares during the period. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

DV has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of DoubleVerify from $20.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, November 10th. Barclays lowered their target price on DoubleVerify from $18.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, November 10th. Canaccord Genuity Group dropped their target price on DoubleVerify from $24.00 to $18.00 and set a "buy" rating for the company in a report on Monday, November 10th. Truist Financial decreased their price target on DoubleVerify from $22.00 to $17.00 and set a "buy" rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Monday, November 10th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, DoubleVerify has an average rating of "Hold" and an average target price of $16.38.

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Read Our Latest Analysis on DoubleVerify

DoubleVerify Stock Performance

DoubleVerify stock opened at $10.30 on Thursday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 1.70 and a beta of 0.98. The stock's 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $13.72. DoubleVerify Holdings, Inc. has a fifty-two week low of $7.64 and a fifty-two week high of $23.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98.

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DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at DoubleVerify

In related news, insider Andrew E. Grimmig sold 4,096 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 96,301 shares of the company's stock, valued at $1,250,949.99. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 11,488 shares of company stock worth $157,255. Corporate insiders own 3.59% of the company's stock.

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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