DoubleVerify Holdings, Inc. $DV Shares Sold by Riverbridge Partners LLC

Key Points

• Riverbridge Partners LLC sold 273,308 shares of DoubleVerify Holdings, Inc. during Q2, reducing its total position by 11.0% to 2,208,048 shares, valued at $33,054,000.
• DoubleVerify reported a revenue of $189.02 million for the recent quarter, exceeding analyst expectations and reflecting a growth of 21.3% year-over-year, although its EPS of $0.05 missed the consensus estimate of $0.06.
• Institutional investors and hedge funds hold 97.29% of DoubleVerify's stock, with recent analyst ratings ranging from buy to overweight, establishing an average target price of $19.13.

Riverbridge Partners LLC reduced its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,208,048 shares of the company's stock after selling 273,308 shares during the period. Riverbridge Partners LLC owned 1.36% of DoubleVerify worth $33,054,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DV. Nuveen Asset Management LLC boosted its stake in shares of DoubleVerify by 0.5% during the 4th quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock worth $7,300,000 after purchasing an additional 1,779 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of DoubleVerify by 10.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 418,471 shares of the company's stock worth $8,039,000 after purchasing an additional 38,890 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of DoubleVerify by 106.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company's stock worth $1,110,000 after acquiring an additional 29,745 shares during the period. Wellington Management Group LLP lifted its holdings in shares of DoubleVerify by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 415,337 shares of the company's stock worth $7,979,000 after acquiring an additional 49,078 shares during the period. Finally, Versant Capital Management Inc purchased a new position in shares of DoubleVerify during the 1st quarter worth about $40,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Trading Up 1.6%

NYSE DV opened at $12.20 on Thursday. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The company's 50 day moving average price is $15.01 and its 200 day moving average price is $14.32. 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 capitalization of $2.00 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 1.79 and a beta of 1.06.

DoubleVerify (NYSE:DV - Get Free Report) last posted 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 net margin of 7.38% and a return on equity of 4.86%. The business had revenue of $189.02 million during the quarter, compared to analysts' expectations of $171.14 million. During the same quarter in the previous year, the business posted $0.04 EPS. 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, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity at DoubleVerify

In other DoubleVerify news, insider Andrew E. Grimmig sold 4,096 shares of the stock in a transaction that occurred 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 sale, the insider owned 96,301 shares of the company's stock, valued at $1,250,949.99. This trade represents a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The disclosure for this sale can be found here. 3.59% of the stock is owned by company insiders.

Analyst Ratings Changes

DV has been the topic of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $18.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. JPMorgan Chase & Co. upgraded shares of DoubleVerify from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Morgan Stanley increased their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. JMP Securities reiterated a "market outperform" rating and set a $20.00 price objective on shares of DoubleVerify in a report on Tuesday, September 2nd. Finally, Barclays increased their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DoubleVerify presently has an average rating of "Moderate Buy" and a consensus target price of $19.13.

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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