DoubleVerify (NYSE:DV) Hits New 12-Month Low - Here's Why

Key Points

• DoubleVerify's shares reached a new 12-month low on Wednesday, trading as low as $11.52, indicating significant market challenges.
• Despite recent struggles, analysts have upgraded their ratings, with Barclays setting a new price target of $18.00 and a consensus rating of "Moderate Buy" among 14 analysts.
• The company reported a 21.3% year-over-year revenue increase, bringing in $189.02 million this past quarter, though it missed earnings expectations by $0.01.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $11.52 and last traded at $11.58, with a volume of 1479412 shares traded. The stock had previously closed at $11.98.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DV. Barclays increased their price target on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus boosted their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. BMO Capital Markets reissued an "outperform" rating and set a $27.00 price objective (up from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Needham & Company LLC reissued a "buy" rating and set a $18.00 price objective on shares of DoubleVerify in a research note on Thursday, June 12th. Finally, Wells Fargo & Company set a $13.00 price objective on shares of DoubleVerify and gave the company an "underweight" rating in a research note on Thursday, June 12th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Trading Down 5.7%

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 business's 50-day simple moving average is $14.72 and its two-hundred day simple moving average is $14.24. The company has a market capitalization of $1.85 billion, a PE ratio of 38.95, a PEG ratio of 1.81 and a beta of 1.06.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $189.02 million during the quarter, compared to analysts' expectations of $171.14 million. DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The business's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. On average, analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Transactions at DoubleVerify

In other DoubleVerify 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 completion of the transaction, the insider directly owned 96,301 shares of the company's stock, valued at $1,250,949.99. This represents a 4.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On DoubleVerify

A number of institutional investors have recently modified their holdings of DV. Wealth Enhancement Advisory Services LLC raised its stake in shares of DoubleVerify by 106.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company's stock valued at $1,110,000 after purchasing an additional 29,745 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of DoubleVerify by 13.4% in the 4th quarter. Wellington Management Group LLP now owns 415,337 shares of the company's stock valued at $7,979,000 after purchasing an additional 49,078 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify in the 1st quarter valued at about $40,000. GAMMA Investing LLC raised its stake in shares of DoubleVerify by 710.4% in the 1st quarter. GAMMA Investing LLC now owns 16,499 shares of the company's stock valued at $221,000 after purchasing an additional 14,463 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of DoubleVerify in the 1st quarter valued at about $177,000. Institutional investors and hedge funds own 97.29% 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.

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