DoubleVerify (NYSE:DV) Shares Gap Down - Should You Sell?

Key Points

• DoubleVerify's share price gapped down from $14.79 to $14.14 before settling at $13.84, resulting in a trading decline of 6.0%.
• Several analysts have raised their price targets for DoubleVerify, with a consensus target of $19.13 and a consensus rating of "Moderate Buy."
• Despite missing earnings estimates of $0.06 per share, DoubleVerify reported a revenue of $189.02 million for the quarter, exceeding expectations of $171.14 million.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $14.79, but opened at $14.14. DoubleVerify shares last traded at $13.84, with a volume of 1,282,051 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on DV shares. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 target price on shares of DoubleVerify in a research note on Tuesday, September 2nd. BMO Capital Markets reaffirmed an "outperform" rating and set a $27.00 target price (up from $26.00) on shares of DoubleVerify in a research note on Wednesday, August 6th. Stifel Nicolaus upped their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Truist Financial reiterated a "buy" rating and set a $22.00 price target (up previously from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 4.41. The company's 50 day moving average is $15.42 and its 200 day moving average is $14.53. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 44.90, a PEG ratio of 2.08 and a beta of 1.06.

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

Insiders Place Their Bets

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of the firm'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.59% of the company's stock.

Institutional Investors Weigh In On DoubleVerify

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of DoubleVerify by 582.9% during the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after buying an additional 1,982 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of DoubleVerify by 572.1% during the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company's stock worth $36,000 after buying an additional 2,031 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of DoubleVerify during the second quarter worth about $42,000. Versant Capital Management Inc purchased a new stake in shares of DoubleVerify during the first quarter worth about $40,000. Finally, Farther Finance Advisors LLC grew its holdings in DoubleVerify by 3,035.6% in the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company's stock valued at $47,000 after purchasing an additional 3,066 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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.