AQR Capital Management LLC Cuts Stake in DoubleVerify Holdings, Inc. $DV

Key Points

• AQR Capital Management LLC reduced its stake in DoubleVerify Holdings by 18.5%, now owning 2,121,338 shares valued at approximately $27.44 million.
• Analysts have a consensus rating of "Moderate Buy" for DoubleVerify, with target prices ranging from $18.00 to $22.00, reflecting positive sentiment among 14 analysts.
• DoubleVerify reported revenue of $189.02 million for the last quarter, exceeding expectations, despite an EPS of $0.05 that was slightly below forecasted estimates.

AQR Capital Management LLC decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 18.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,121,338 shares of the company's stock after selling 481,591 shares during the quarter. AQR Capital Management LLC owned 1.31% of DoubleVerify worth $27,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of DV. Signaturefd LLC lifted its position in DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after buying an additional 1,982 shares during the last quarter. Versant Capital Management Inc bought a new stake in DoubleVerify in the first quarter valued at approximately $40,000. Headlands Technologies LLC lifted its position in DoubleVerify by 534.0% in the first 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. Redwood Investments LLC bought a new stake in DoubleVerify in the fourth quarter valued at approximately $94,000. Finally, Covestor Ltd lifted its position in DoubleVerify by 13.9% in 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. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

DV has been the subject of several recent research reports. Craig Hallum reiterated a "buy" rating and issued a $20.00 price objective on shares of DoubleVerify in a research report on Monday, July 7th. Barclays boosted their price objective on DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Wells Fargo & Company set a $13.00 price objective on DoubleVerify and gave the company an "underweight" rating in a research report on Thursday, June 12th. Stifel Nicolaus boosted their price objective on DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, JMP Securities reissued a "market outperform" rating and set a $20.00 target price on shares of DoubleVerify in a research note on Tuesday, September 2nd. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.13.

Insiders Place Their Bets

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.59% of the stock is currently owned by insiders.

DoubleVerify Trading Down 6.7%

Shares of DV traded down $0.93 during mid-day trading on Friday, hitting $13.02. 4,463,183 shares of the company's stock traded hands, compared to its average volume of 2,452,880. The firm has a market capitalization of $2.13 billion, a P/E ratio of 44.90, a PEG ratio of 2.08 and a beta of 1.06. The business's 50-day moving average price is $15.42 and its 200-day moving average price is $14.48. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $23.11. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $189.02 million during the quarter, compared to analysts' expectations of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.DoubleVerify's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. As a group, sell-side 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.