DoubleVerify (NYSE:DV) Trading Down 4.2% Following Insider Selling

Key Points

• DoubleVerify's shares fell 4.2% after Director Lucy Stamell Dobrin sold 6,392 shares at an average price of $14.51, contributing to a significant drop in trading volume.
• Despite the insider selling, several analysts have set optimistic price targets for DoubleVerify, with a consensus rating of "Moderate Buy" and an average price target of $19.13.
• The company reported a 21.3% increase in revenue year-over-year for the last quarter, although it slightly missed earnings expectations with an EPS of $0.05.

Shares of DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) dropped 4.2% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $13.49 and last traded at $13.37. Approximately 97,621 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 2,468,499 shares. The stock had previously closed at $13.95.

Specifically, Director Lucy Stamell Dobrin sold 6,392 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

DV has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Barclays raised their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Wells Fargo & Company set a $13.00 price objective on shares of DoubleVerify and gave the company an "underweight" rating in a research report on Thursday, June 12th. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a research report on Thursday, June 12th. Finally, Morgan Stanley raised their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, DoubleVerify presently has a consensus rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Stock Down 4.7%

The company has a market cap of $2.18 billion, a P/E ratio of 45.97, a price-to-earnings-growth ratio of 2.06 and a beta of 1.06. 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 firm's 50 day moving average price is $15.47 and its 200-day moving average price is $14.59.

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

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently made changes to their positions in DV. Deutsche Bank AG increased its holdings in DoubleVerify by 107.6% during the fourth quarter. Deutsche Bank AG now owns 578,202 shares of the company's stock worth $11,107,000 after buying an additional 299,646 shares during the last quarter. Focus Partners Wealth acquired a new stake in DoubleVerify during the fourth quarter worth about $196,000. Janus Henderson Group PLC grew its stake in DoubleVerify by 26.7% during the fourth quarter. Janus Henderson Group PLC now owns 465,293 shares of the company's stock worth $8,939,000 after buying an additional 97,979 shares in the last quarter. Lazard Asset Management LLC grew its stake in DoubleVerify by 51.1% during the fourth quarter. Lazard Asset Management LLC now owns 105,046 shares of the company's stock worth $2,016,000 after buying an additional 35,506 shares in the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of DoubleVerify in the 4th quarter valued at approximately $591,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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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