AlphaQuest LLC Sells 99,077 Shares of DoubleVerify Holdings, Inc. $DV

Key Points

• AlphaQuest LLC significantly reduced its stake in DoubleVerify Holdings, Inc. by 94.6%, now holding only 5,662 shares valued at $76,000 after selling 99,077 shares in the first quarter.
• Other institutional investors have increased their holdings, with SG Americas Securities LLC growing its position by 669.2% to own 45,200 shares valued at $604,000, and Vanguard Group Inc. increasing its stake to 18,466,076 shares worth approximately $246.9 million.
• Despite reporting $0.05 earnings per share, which was below analyst expectations, DoubleVerify saw its revenue increase by 21.3% year-over-year, totaling $189.02 million for the quarter.

AlphaQuest LLC reduced its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 94.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,662 shares of the company's stock after selling 99,077 shares during the quarter. AlphaQuest LLC's holdings in DoubleVerify were worth $76,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after acquiring an additional 1,982 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of DoubleVerify during the 1st quarter valued at about $40,000. Headlands Technologies LLC boosted its holdings in shares of DoubleVerify by 534.0% during the 1st quarter. Headlands Technologies LLC now owns 4,647 shares of the company's stock valued at $62,000 after acquiring an additional 3,914 shares during the last quarter. Redwood Investments LLC purchased a new stake in shares of DoubleVerify during the 4th quarter valued at about $94,000. Finally, Covestor Ltd boosted its holdings in shares of DoubleVerify by 13.9% during the 1st quarter. Covestor Ltd now owns 7,291 shares of the company's stock valued at $97,000 after acquiring an additional 889 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DV has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Craig Hallum reaffirmed a "buy" rating and set a $20.00 price target on shares of DoubleVerify in a report on Monday, July 7th. JMP Securities reaffirmed a "market outperform" rating and set a $20.00 price target on shares of DoubleVerify in a report on Tuesday, September 2nd. Wells Fargo & Company set a $13.00 price objective on shares of DoubleVerify and gave the stock an "underweight" rating in a report on Thursday, June 12th. Finally, Truist Financial reissued a "buy" rating and issued a $22.00 price objective (up previously from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Stock Performance

NYSE DV traded down $0.26 on Friday, reaching $15.00. 3,287,002 shares of the stock were exchanged, compared to its average volume of 1,934,122. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The firm has a market capitalization of $2.45 billion, a PE ratio of 51.71, a PEG ratio of 2.24 and a beta of 1.06. The company's 50-day simple moving average is $15.52 and its two-hundred day simple moving average is $14.75. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.05 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 the consensus estimate of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.DoubleVerify's revenue was up 21.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 EPS. DoubleVerify has set its Q3 2025 guidance at EPS. Analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

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.