American Century Companies Inc. Buys Shares of 191,504 DoubleVerify Holdings, Inc. $DV

Key Points

• American Century Companies Inc. has acquired a new stake in DoubleVerify Holdings, Inc., purchasing 191,504 shares valued at approximately $2.56 million, which represents about 0.12% ownership.
• DoubleVerify reported a quarterly revenue of $189.02 million, exceeding estimates, but earnings per share of $0.05 fell short of the $0.06 consensus estimate.
• Analysts maintain a moderate buy rating for DoubleVerify, with a consensus price target of $19.13, indicating growth potential for the stock.

American Century Companies Inc. purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 191,504 shares of the company's stock, valued at approximately $2,560,000. American Century Companies Inc. owned 0.12% of DoubleVerify at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in 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 buying an additional 1,982 shares during the period. Versant Capital Management Inc purchased a new stake in DoubleVerify in the 1st quarter valued at about $40,000. Headlands Technologies LLC grew its holdings in 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 buying an additional 3,914 shares during the period. Redwood Investments LLC purchased a new stake in DoubleVerify in the 4th quarter valued at about $94,000. Finally, Covestor Ltd grew its holdings in 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 buying an additional 889 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Morgan Stanley lifted 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. Truist Financial reiterated a "buy" rating and set a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. BMO Capital Markets reiterated an "outperform" rating and set a $27.00 target price (up previously from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. JMP Securities reiterated a "market outperform" rating and set a $20.00 target price on shares of DoubleVerify in a report on Tuesday. Finally, JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Fourteen investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Stock Down 3.9%

DoubleVerify stock traded down $0.63 during midday trading on Thursday, hitting $15.35. 1,136,207 shares of the company were exchanged, compared to its average volume of 2,412,535. The company's fifty day moving average price is $15.50 and its 200-day moving average price is $14.91. The company has a market cap of $2.51 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 2.43 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 4.41. 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 released its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $189.02 million for the quarter, compared to analyst estimates of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.The business's revenue was up 21.3% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. On average, research analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

DoubleVerify Company 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.