13,054 Shares in DoubleVerify Holdings, Inc. $DV Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,054 shares of the company’s stock, valued at approximately $195,000.

A number of other large investors have also added to or reduced their stakes in DV. Parallel Advisors LLC raised its holdings in shares of DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after acquiring an additional 2,031 shares in the last quarter. Farther Finance Advisors LLC increased its position in DoubleVerify by 3,035.6% in the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after purchasing an additional 3,066 shares during the last quarter. GAMMA Investing LLC raised its stake in DoubleVerify by 176.7% during the second quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock valued at $51,000 after purchasing an additional 2,180 shares in the last quarter. Bessemer Group Inc. raised its stake in DoubleVerify by 223.1% during the second quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after purchasing an additional 2,583 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in DoubleVerify by 534.0% during the first quarter. Headlands Technologies LLC now owns 4,647 shares of the company’s stock valued at $62,000 after purchasing an additional 3,914 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DV. Wells Fargo & Company reduced their target price on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, October 21st. Needham & Company LLC reduced their price objective on DoubleVerify from $18.00 to $12.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. The Goldman Sachs Group restated a “neutral” rating and set a $13.50 price objective on shares of DoubleVerify in a research report on Tuesday, October 14th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $27.00 price objective (up from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Finally, 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. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.38.

DoubleVerify Stock Performance

DoubleVerify stock opened at $10.39 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 3.98. The firm has a market capitalization of $1.67 billion, a P/E ratio of 41.54, a price-to-earnings-growth ratio of 1.71 and a beta of 0.98. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $23.11. The company’s 50-day moving average is $11.37 and its 200 day moving average is $13.68.

DoubleVerify (NYSE:DV) last released its earnings results on Friday, November 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The firm had revenue of $188.62 million for the quarter, compared to analysts’ expectations of $190.43 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’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. Research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew E. Grimmig sold 4,096 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the transaction, the insider directly owned 96,301 shares in the company, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,488 shares of company stock worth $157,255. Insiders own 3.59% of the company’s stock.

DoubleVerify 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.