DoubleVerify Holdings, Inc. $DV Shares Acquired by Burgundy Asset Management Ltd.

Key Points

• Burgundy Asset Management Ltd. increased its holdings in DoubleVerify Holdings, Inc. by 6.5%, now owning 5,225,968 shares worth approximately $69.87 million.
• Other institutional investors, including SG Americas Securities LLC and ZWJ Investment Counsel Inc., significantly increased their stakes in DoubleVerify, indicating strong institutional interest.
• DoubleVerify reported a revenue increase of 21.3% year-over-year, with a net margin of 7.38%, although it missed earnings per share estimates for the recent quarter.

Burgundy Asset Management Ltd. grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,225,968 shares of the company's stock after buying an additional 319,055 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 3.22% of DoubleVerify worth $69,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DV. Federated Hermes Inc. raised its stake in DoubleVerify by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock valued at $184,000 after purchasing an additional 571 shares during the period. Covestor Ltd boosted its holdings in shares of DoubleVerify by 13.9% in the 1st quarter. Covestor Ltd now owns 7,291 shares of the company's stock worth $97,000 after purchasing an additional 889 shares during the period. Sterling Capital Management LLC boosted its holdings in DoubleVerify by 31.2% during the 4th quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock valued at $98,000 after acquiring an additional 1,214 shares during the period. Nuveen Asset Management LLC boosted its holdings in DoubleVerify by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after acquiring an additional 1,779 shares during the period. Finally, Signaturefd LLC boosted its holdings in 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 period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

DV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised DoubleVerify from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $18.00 to $19.00 in a research report on Friday, August 1st. Barclays boosted their target price on DoubleVerify from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Craig Hallum reiterated a "buy" rating and set a $20.00 price target on shares of DoubleVerify in a research note on Monday, July 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price target on shares of DoubleVerify in a report on Thursday, June 12th. Finally, Morgan Stanley upped their price target on DoubleVerify from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Fourteen investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $19.13.

DoubleVerify Trading Up 3.3%

Shares of DV traded up $0.5150 during midday trading on Friday, hitting $16.0250. 528,703 shares of the stock were exchanged, compared to its average volume of 2,448,632. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $23.11. The stock has a fifty day simple moving average of $15.20 and a 200 day simple moving average of $15.28. The firm has a market cap of $2.62 billion, a P/E ratio of 55.26, a P/E/G ratio of 2.32 and a beta of 1.05. 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 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). DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.The firm had revenue of $189.02 million for the quarter, compared to analysts' expectations of $171.14 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company's quarterly revenue was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. On average, research analysts anticipate 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.