SG Capital Management LLC Makes New $33.64 Million Investment in DoubleVerify Holdings, Inc. $DV

SG Capital Management LLC acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the second quarter, Holdings Channel reports. The institutional investor acquired 2,247,262 shares of the company’s stock, valued at approximately $33,642,000. DoubleVerify accounts for approximately 2.3% of SG Capital Management LLC’s portfolio, making the stock its 5th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in DV. Sunriver Management LLC bought a new stake in DoubleVerify in the first quarter worth $22,485,000. Federated Hermes Inc. boosted its holdings in DoubleVerify by 17,284.0% during the 1st quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company’s stock valued at $22,245,000 after acquiring an additional 1,654,250 shares during the period. Vanguard Group Inc. boosted its holdings in DoubleVerify by 5.6% during the 1st 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. Newtyn Management LLC bought a new position in DoubleVerify during the 1st quarter worth approximately $11,953,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in DoubleVerify by 99.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock worth $22,417,000 after purchasing an additional 747,252 shares during the period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of DV opened at $10.44 on Friday. The company has a 50-day simple moving average of $11.76 and a two-hundred day simple moving average of $13.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.98 and a quick ratio of 4.41. The firm has a market capitalization of $1.68 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 1.73 and a beta of 0.98. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $23.11.

DoubleVerify (NYSE:DV) last announced its earnings results 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. The firm had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DV. BMO Capital Markets reissued an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Barclays dropped their price target on shares of DoubleVerify from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Wells Fargo & Company decreased their price objective on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Finally, Stifel Nicolaus cut their target price on DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.38.

Insider Buying and Selling at DoubleVerify

In other news, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the sale, the insider owned 96,301 shares in the company, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the company’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 SEC filing for this sale provides additional information. Insiders have sold 11,488 shares of company stock valued at $157,255 in the last three months. 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.