DoubleVerify Holdings, Inc. $DV Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has significantly reduced its stake in DoubleVerify Holdings, Inc. by 76.5%, selling 712,388 shares and bringing its ownership down to 219,421 shares valued at approximately $2.93 million.
• Multiple institutional investors, including Vanguard Group Inc. and Federated Hermes Inc., have increased their holdings in DoubleVerify, with Federated Hermes raising its position by an astonishing 17,284%.
• Analysts generally hold a favorable view of DoubleVerify, with a consensus rating of "Moderate Buy" and an average price target of $19.13, reflecting growing investor confidence despite a recent earnings miss.

Acadian Asset Management LLC lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 76.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,421 shares of the company's stock after selling 712,388 shares during the quarter. Acadian Asset Management LLC owned about 0.14% of DoubleVerify worth $2,931,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after purchasing an additional 1,982 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of DoubleVerify in the 1st quarter valued at $40,000. Headlands Technologies LLC boosted its holdings in shares of DoubleVerify by 534.0% in the 1st quarter. Headlands Technologies LLC now owns 4,647 shares of the company's stock valued at $62,000 after purchasing an additional 3,914 shares during the last quarter. Covestor Ltd boosted its holdings in shares of DoubleVerify by 13.9% in the 1st quarter. Covestor Ltd now owns 7,291 shares of the company's stock valued at $97,000 after purchasing an additional 889 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of DoubleVerify in the 4th quarter valued at $196,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DV shares. Craig Hallum restated a "buy" rating and set a $20.00 target price on shares of DoubleVerify in a report on Monday, July 7th. JPMorgan Chase & Co. upgraded shares of DoubleVerify from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $18.00 to $19.00 in a report on Friday, August 1st. BMO Capital Markets reiterated an "outperform" rating and issued a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Morgan Stanley boosted their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. 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 data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.13.

Insider Buying and Selling at DoubleVerify

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total value of $92,747.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.59% of the company's stock.

DoubleVerify Stock Performance

DoubleVerify stock traded down $0.11 during midday trading on Friday, reaching $12.67. 4,097,013 shares of the stock traded hands, compared to its average volume of 2,535,773. 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 has a fifty day moving average price of $15.22 and a two-hundred day moving average price of $14.38. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 1.94 and a beta of 1.06. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $23.11.

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

DoubleVerify 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.