DoubleVerify Holdings, Inc. $DV Shares Acquired by Gagnon Advisors LLC

Key Points

• Gagnon Advisors LLC increased its stake in DoubleVerify Holdings, Inc. by 362.1% in the second quarter, acquiring an additional 245,180 shares and making it the firm's 16th largest position.
• DoubleVerify recently reported a net margin of 7.38% and year-over-year revenue growth of 21.3%, despite recording earnings per share that fell short of estimates.
• Analyst ratings for DoubleVerify are predominantly positive, with 14 "Buy" ratings and a consensus target price of $19.13, as well as varying recommendations from major firms.

Gagnon Advisors LLC grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 362.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,885 shares of the company's stock after acquiring an additional 245,180 shares during the quarter. DoubleVerify comprises approximately 3.1% of Gagnon Advisors LLC's investment portfolio, making the stock its 16th biggest position. Gagnon Advisors LLC owned about 0.19% of DoubleVerify worth $4,684,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 111 Capital purchased a new position in DoubleVerify during the 2nd quarter valued at about $444,000. Impact Investors Inc grew its position in shares of DoubleVerify by 15.7% during the second quarter. Impact Investors Inc now owns 50,477 shares of the company's stock worth $756,000 after acquiring an additional 6,859 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in shares of DoubleVerify by 0.4% during the second quarter. ZWJ Investment Counsel Inc. now owns 1,112,908 shares of the company's stock worth $16,660,000 after acquiring an additional 4,202 shares during the last quarter. Washington Capital Management Inc. grew its position in shares of DoubleVerify by 10.4% during the second quarter. Washington Capital Management Inc. now owns 43,500 shares of the company's stock worth $651,000 after acquiring an additional 4,100 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of DoubleVerify by 99.6% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company's stock valued at $22,417,000 after purchasing an additional 747,252 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DV. Morgan Stanley boosted their target price on DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Barclays boosted their target price on DoubleVerify from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Craig Hallum restated a "buy" rating and issued a $20.00 price objective on shares of DoubleVerify in a research report on Monday, July 7th. 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. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of DoubleVerify in a research report on Saturday, September 27th. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.13.

Insider Transactions at DoubleVerify

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the company's stock in a transaction that occurred on 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 SEC, which can be accessed through this link. Also, insider Andrew E. Grimmig sold 4,096 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total value of $53,207.04. Following the completion of the transaction, the insider owned 96,301 shares in the company, 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 owned by insiders.

DoubleVerify Trading Down 0.7%

Shares of NYSE DV opened at $11.23 on Wednesday. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 12-month low of $10.98 and a 12-month high of $23.11. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The stock's 50 day simple moving average is $14.28 and its 200 day simple moving average is $14.13.

DoubleVerify (NYSE:DV - Get Free Report) last announced its 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). DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The business had revenue of $189.02 million for the quarter, compared to the consensus estimate of $171.14 million. During the same period in the previous year, the firm earned $0.04 EPS. The firm's revenue was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. Equities research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current 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.

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