19,487 Shares in DoubleVerify Holdings, Inc. $DV Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,487 shares of the company’s stock, valued at approximately $292,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of DoubleVerify by 5.6% during the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after acquiring an additional 984,779 shares during the period. Mackenzie Financial Corp lifted its position in DoubleVerify by 1.6% in the 1st quarter. Mackenzie Financial Corp now owns 5,752,688 shares of the company’s stock valued at $76,913,000 after purchasing an additional 91,405 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in DoubleVerify by 6.5% during the 1st quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company’s stock valued at $69,871,000 after purchasing an additional 319,055 shares during the period. Sunriver Management LLC bought a new position in DoubleVerify in the 1st quarter worth about $22,485,000. Finally, Federated Hermes Inc. increased its stake in shares of DoubleVerify by 17,284.0% in the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock valued at $22,245,000 after purchasing an additional 1,654,250 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $10.21 on Friday. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11. The company has a current ratio of 3.98, a quick ratio of 3.98 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.64 billion, a PE ratio of 40.82, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98. The company’s 50-day moving average price is $11.42 and its two-hundred day moving average price is $13.70.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $190.43 million. During the same quarter in the previous year, the company posted $0.10 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on DoubleVerify from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Truist Financial cut their target price on DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. 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, November 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a report on Tuesday, October 14th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.38.

Insiders Place Their Bets

In other news, insider Andrew E. Grimmig sold 4,096 shares of the 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 in the company, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction on Tuesday, September 9th. The stock was 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. Insiders have sold a total of 11,488 shares of company stock valued at $157,255 in the last quarter. Insiders own 3.59% of the company’s stock.

About DoubleVerify

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.