DoubleVerify (NYSE:DV) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

DoubleVerify (NYSE:DV) posted its earnings results on Friday. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13, Zacks reports. DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The business had revenue of $188.62 million for the quarter, compared to the consensus estimate of $190.43 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. DoubleVerify updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

DoubleVerify Stock Down 14.6%

DoubleVerify stock traded down $1.61 during trading on Friday, hitting $9.37. 11,526,599 shares of the company were exchanged, compared to its average volume of 3,284,341. DoubleVerify has a 52 week low of $7.64 and a 52 week high of $23.11. The business’s 50 day moving average is $12.27 and its 200 day moving average is $13.87. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.53 billion, a P/E ratio of 32.29, a PEG ratio of 1.66 and a beta of 0.98.

Wall Street Analysts Forecast Growth

DV has been the topic of several analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $13.50 price objective on shares of DoubleVerify in a research note on Tuesday, October 14th. Morgan Stanley reduced their price target on DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Wells Fargo & Company cut 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. BMO Capital Markets restated an “outperform” rating and issued a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Finally, Barclays increased their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Twelve equities 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. According to MarketBeat.com, DoubleVerify has a consensus rating of “Hold” and a consensus price target of $18.65.

Insider Activity

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 transaction of $53,207.04. Following the completion of the transaction, the insider directly owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 11,488 shares of company stock valued at $157,255. 3.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DV. Arohi Asset Management PTE Ltd. bought a new position in shares of DoubleVerify in the second quarter worth $17,214,000. Balyasny Asset Management L.P. increased its position in shares of DoubleVerify by 291.3% during the second quarter. Balyasny Asset Management L.P. now owns 1,136,257 shares of the company’s stock valued at $17,010,000 after buying an additional 845,857 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of DoubleVerify during the second quarter valued at about $9,759,000. Ameriprise Financial Inc. lifted its holdings in shares of DoubleVerify by 45.1% in the second quarter. Ameriprise Financial Inc. now owns 1,726,357 shares of the company’s stock worth $25,844,000 after buying an additional 536,943 shares in the last quarter. Finally, HRT Financial LP boosted its position in shares of DoubleVerify by 171.0% in the second quarter. HRT Financial LP now owns 768,469 shares of the company’s stock valued at $11,503,000 after acquiring an additional 484,924 shares during the period. 97.29% of the stock is owned by institutional investors.

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.