DoubleVerify Holdings, Inc. $DV Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 184.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,971 shares of the company’s stock after acquiring an additional 7,118 shares during the quarter. PNC Financial Services Group Inc.’s holdings in DoubleVerify were worth $164,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Woodline Partners LP lifted its stake in shares of DoubleVerify by 2.5% in the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares in the last quarter. Covestor Ltd raised its holdings in DoubleVerify by 13.9% in the first quarter. Covestor Ltd now owns 7,291 shares of the company’s stock valued at $97,000 after buying an additional 889 shares during the period. Parallel Advisors LLC lifted its position in DoubleVerify by 572.1% during the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock valued at $36,000 after buying an additional 2,031 shares in the last quarter. GAMMA Investing LLC lifted its position 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 buying an additional 2,180 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in DoubleVerify by 3.3% during the second quarter. State of Alaska Department of Revenue now owns 80,356 shares of the company’s stock worth $1,202,000 after buying an additional 2,558 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DV shares. Truist Financial cut their target price on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. JMP Securities reissued a “market outperform” rating and issued a $20.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 2nd. Wells Fargo & Company reduced their price objective on DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th. Finally, Barclays dropped their target price on DoubleVerify from $18.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Twelve 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 data from MarketBeat, DoubleVerify currently has an average rating of “Hold” and a consensus target price of $16.38.

DoubleVerify Trading Up 0.5%

DoubleVerify stock opened at $10.50 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $7.64 and a 1 year high of $23.11. The firm’s 50-day moving average is $11.12 and its 200-day moving average is $13.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The company has a market cap of $1.69 billion, a P/E ratio of 41.98, a PEG ratio of 1.73 and a beta of 0.98.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share 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 business had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue for the quarter 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. On average, equities analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling

In other DoubleVerify 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 value of $53,207.04. Following the sale, the insider directly owned 96,301 shares of the company’s stock, valued at $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’s 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,488 shares of company stock worth $157,255 over 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.