DoubleVerify (NYSE:DV) Trading Up 11.4% After Strong Earnings

Shares of DoubleVerify Holdings, Inc. (NYSE:DV) were up 11.4% during mid-day trading on Monday following a better than expected earnings announcement. The stock traded as high as $10.55 and last traded at $10.4570. Approximately 530,973 shares traded hands during trading, a decline of 81% from the average daily volume of 2,756,982 shares. The stock had previously closed at $9.39.

The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. DoubleVerify had a net margin of 6.10% and a return on equity of 6.59%. The company had revenue of $188.62 million for the quarter, compared to analyst estimates of $190.43 million. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 11.2% on a year-over-year basis. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DV shares. The Goldman Sachs Group reissued a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a research report on Tuesday, October 14th. Needham & Company LLC cut their target price on shares of DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday. Canaccord Genuity Group decreased their price target on DoubleVerify from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Monday. Stifel Nicolaus lowered their price target on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, DoubleVerify has a consensus rating of “Hold” and a consensus price target of $16.38.

Insider Activity 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 value of $53,207.04. Following the sale, the insider directly owned 96,301 shares in the company, valued at $1,250,949.99. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total value of $92,747.92. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 11,488 shares of company stock valued at $157,255. Insiders own 3.00% of the company’s stock.

Institutional Trading of DoubleVerify

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cooper Creek Partners Management LLC purchased a new stake in shares of DoubleVerify during the second quarter valued at $38,325,000. SG Capital Management LLC purchased a new position in DoubleVerify during the second quarter valued at approximately $33,642,000. Sunriver Management LLC acquired a new position in DoubleVerify in the 1st quarter valued at approximately $22,485,000. Federated Hermes Inc. lifted its position in DoubleVerify by 17,284.0% in the 1st quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock worth $22,245,000 after buying an additional 1,654,250 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of DoubleVerify during the 2nd quarter valued at $23,640,000. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Performance

The company has a current ratio of 3.98, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $12.15 and its 200 day moving average price is $13.87. The firm has a market capitalization of $1.70 billion, a PE ratio of 41.44, a PEG ratio of 1.42 and a beta of 0.98.

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.