Counterpoint Mutual Funds LLC Makes New $800,000 Investment in DoubleVerify Holdings, Inc. $DV

Key Points

• Counterpoint Mutual Funds LLC has made a new investment of approximately $800,000 in DoubleVerify Holdings, acquiring 53,457 shares during the second quarter.
• A significant number of hedge funds have increased their stakes in DoubleVerify, with ownership by institutional investors accounting for 97.29% of the stock.
• Equities analysts have given DoubleVerify a consensus rating of "Moderate Buy" with a price target averaging around $19.13, suggesting potential growth in the stock's value.

Counterpoint Mutual Funds LLC purchased a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,457 shares of the company's stock, valued at approximately $800,000.

A number of other hedge funds have also made changes to their positions in DV. Signaturefd LLC raised 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 acquiring an additional 1,982 shares in the last quarter. Parallel Advisors LLC raised its position in DoubleVerify by 572.1% during the second quarter. Parallel Advisors LLC now owns 2,386 shares of the company's stock valued at $36,000 after acquiring an additional 2,031 shares in the last quarter. Versant Capital Management Inc bought a new position in DoubleVerify during the first quarter valued at approximately $40,000. Farther Finance Advisors LLC raised its position in DoubleVerify by 3,035.6% during the second quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company's stock valued at $47,000 after acquiring an additional 3,066 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in DoubleVerify by 176.7% during the second quarter. GAMMA Investing LLC now owns 3,414 shares of the company's stock valued at $51,000 after acquiring an additional 2,180 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $20.00 price target on shares of DoubleVerify in a research report on Tuesday, September 2nd. Barclays boosted their target price on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Needham & Company LLC restated a "buy" rating and issued a $18.00 target price on shares of DoubleVerify in a research note on Thursday, June 12th. Morgan Stanley boosted their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus boosted their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Fourteen investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

Insider Activity

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total transaction of $92,747.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the transaction, the insider owned 96,301 shares of the company's stock, valued at $1,250,949.99. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Performance

DoubleVerify stock opened at $12.40 on Tuesday. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 42.74, a P/E/G ratio of 1.90 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month 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. The stock has a 50-day simple moving average of $15.13 and a 200 day simple moving average of $14.35.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data 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 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 business's revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

About DoubleVerify

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.

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