Amundi Increases Position in DoubleVerify Holdings, Inc. $DV

Key Points

• Amundi has increased its stake in DoubleVerify Holdings, Inc. by 76.7%, now holding approximately 0.57% of the company, valued at $11.75 million.
• Despite a year-over-year revenue increase of 21.3%, DoubleVerify reported earnings per share of $0.05, missing estimates by $0.01.
• Analysts maintain a positive outlook on DoubleVerify, with an average price target of $19.13 and a majority rating of "Buy" from investment analysts.

Amundi lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 76.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 929,382 shares of the company's stock after buying an additional 403,460 shares during the period. Amundi owned about 0.57% of DoubleVerify worth $11,747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd boosted its position in DoubleVerify by 13.9% during the first 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. Nuveen Asset Management LLC boosted its position in DoubleVerify by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after purchasing an additional 1,779 shares during the last quarter. Signaturefd LLC boosted its position in DoubleVerify by 582.9% during the first 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. Avantax Advisory Services Inc. boosted its position in DoubleVerify by 11.4% during the first quarter. Avantax Advisory Services Inc. now owns 25,926 shares of the company's stock valued at $347,000 after purchasing an additional 2,659 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in DoubleVerify during the first quarter valued at approximately $40,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DoubleVerify

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on DV. Needham & Company LLC restated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a research note on Thursday, June 12th. Truist Financial restated a "buy" rating and issued a $22.00 price objective (up previously from $21.00) on shares of DoubleVerify in a research note on Thursday, June 12th. Craig Hallum restated a "buy" rating and issued a $20.00 price objective on shares of DoubleVerify in a research note on Monday, July 7th. JMP Securities restated a "market outperform" rating and issued a $20.00 price objective on shares of DoubleVerify in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company set a $13.00 price objective on DoubleVerify and gave the company an "underweight" rating in a research note on Thursday, June 12th. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Price Performance

Shares of NYSE DV traded down $0.02 during mid-day trading on Monday, hitting $13.00. 3,571,820 shares of the stock traded hands, compared to its average volume of 2,566,681. 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 twelve month low of $11.52 and a twelve month high of $23.11. The company has a market cap of $2.13 billion, a PE ratio of 44.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. The firm has a 50 day simple moving average of $15.37 and a two-hundred day simple moving average of $14.42.

DoubleVerify (NYSE:DV - Get Free Report) last announced 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 company 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%.The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal 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.