Alta Fox Capital Management LLC Decreases Stake in DoubleVerify Holdings, Inc. $DV

Key Points

• Alta Fox Capital Management LLC reduced its stake in DoubleVerify Holdings, Inc. by 73.6%, now holding 333,465 shares worth approximately $4.46 million.
• Despite the reduction by Alta Fox, several institutional investors, including Amundi and Canada Pension Plan Investment Board, have increased their positions in DoubleVerify, indicating ongoing interest in the company.
• DoubleVerify posted $0.05 earnings per share, missing analyst estimates, while reporting revenue of $189.02 million for the recent quarter, marking a year-over-year growth of 21.3%.

Alta Fox Capital Management LLC trimmed its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 73.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,465 shares of the company's stock after selling 929,769 shares during the quarter. DoubleVerify makes up 1.8% of Alta Fox Capital Management LLC's holdings, making the stock its 12th biggest position. Alta Fox Capital Management LLC owned approximately 0.21% of DoubleVerify worth $4,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DV. Amundi grew its stake in shares of DoubleVerify by 76.7% during the 1st quarter. Amundi now owns 929,382 shares of the company's stock worth $11,747,000 after acquiring an additional 403,460 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of DoubleVerify during the 1st quarter valued at approximately $154,000. Magnetar Financial LLC purchased a new stake in shares of DoubleVerify during the 1st quarter valued at approximately $149,000. Canada Pension Plan Investment Board lifted its stake in shares of DoubleVerify by 31.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 342,000 shares of the company's stock valued at $4,573,000 after buying an additional 82,100 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of DoubleVerify by 50.3% during the 1st quarter. State of Wyoming now owns 19,905 shares of the company's stock valued at $266,000 after buying an additional 6,664 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on DV. JMP Securities reiterated a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a research note on Tuesday, September 2nd. Barclays increased their target price 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. Craig Hallum reaffirmed a "buy" rating and issued a $20.00 price target on shares of DoubleVerify in a report on Monday, July 7th. Morgan Stanley raised their price target on DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Trading Down 1.7%

NYSE:DV traded down $0.26 during trading hours on Friday, reaching $15.00. The company's stock had a trading volume of 3,287,002 shares, compared to its average volume of 1,934,122. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 51.71, a PEG ratio of 2.24 and a beta of 1.06. The firm has a 50-day simple moving average of $15.52 and a 200-day simple moving average of $14.75. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly 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). DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.The company had revenue of $189.02 million for the quarter, compared to the consensus estimate of $171.14 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. DoubleVerify's revenue was up 21.3% compared to the same quarter last year. DoubleVerify has set its Q3 2025 guidance at EPS. Research 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.