Canada Pension Plan Investment Board Raises Holdings in DoubleVerify Holdings, Inc. $DV

Key Points

• The Canada Pension Plan Investment Board increased its holdings in DoubleVerify Holdings, Inc. by 31.6% in the first quarter, now owning 342,000 shares valued at approximately $4.57 million.
• Institutional investors collectively own 97.29% of DoubleVerify's stock, with significant increases from several firms, including a staggering 17,284% increase from Federated Hermes Inc..
• DoubleVerify recently reported a quarterly revenue of $189.02 million, a 21.3% increase year-over-year, despite missing the EPS consensus estimate by a small margin.

Canada Pension Plan Investment Board raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 31.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 342,000 shares of the company's stock after acquiring an additional 82,100 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.21% of DoubleVerify worth $4,573,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in DV. Burgundy Asset Management Ltd. boosted its position in shares of DoubleVerify by 73.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after acquiring an additional 2,073,279 shares in the last quarter. Sunriver Management LLC acquired a new stake in shares of DoubleVerify in the 1st quarter valued at about $22,485,000. Federated Hermes Inc. boosted its position in shares of DoubleVerify by 17,284.0% in the 1st quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company's stock valued at $22,245,000 after purchasing an additional 1,654,250 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of DoubleVerify in the 4th quarter valued at about $31,579,000. Finally, Vanguard Group Inc. boosted its position in shares of DoubleVerify by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock valued at $246,891,000 after purchasing an additional 984,779 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 upped their target price for the company from $18.00 to $19.00 in a research report on Friday, August 1st. Wells Fargo & Company set a $13.00 target price on DoubleVerify and gave the company an "underweight" rating in a research report on Thursday, June 12th. Stifel Nicolaus upped their target price on DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Barclays upped their target price on DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, JMP Securities reissued a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a research report on Tuesday, September 2nd. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Stock Performance

DoubleVerify stock traded down $0.26 during mid-day trading on Friday, reaching $15.00. 3,287,002 shares of the company were exchanged, compared to its average volume of 1,934,122. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $23.11. The firm's 50-day simple moving average is $15.52 and its two-hundred day simple moving average is $14.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41. The firm has a market cap of $2.45 billion, a PE ratio of 51.71, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates 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 firm's revenue was up 21.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. Equities analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share 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.