Public Sector Pension Investment Board Boosts Stock Position in DoubleVerify Holdings, Inc. $DV

Key Points

• The Public Sector Pension Investment Board increased its stake in DoubleVerify Holdings, Inc. by 27.3%, owning approximately 0.27% of the company worth about $5.95 million after purchasing additional shares in the 1st quarter.
• Institutional investors and hedge funds collectively own 97.29% of DoubleVerify's stock, indicating strong institutional backing.
• Despite revenue growth of 21.3% year-over-year, DoubleVerify's latest earnings report showed it missed EPS estimates, highlighting potential concerns about profitability.

Public Sector Pension Investment Board boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 27.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 445,238 shares of the company's stock after acquiring an additional 95,434 shares during the period. Public Sector Pension Investment Board owned 0.27% of DoubleVerify worth $5,953,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in shares of DoubleVerify by 6.3% during the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after purchasing an additional 571 shares in the last quarter. Covestor Ltd boosted its stake in DoubleVerify by 13.9% in the first quarter. Covestor Ltd now owns 7,291 shares of the company's stock valued at $97,000 after buying an additional 889 shares in the last quarter. Sterling Capital Management LLC boosted its stake in DoubleVerify by 31.2% in the fourth quarter. Sterling Capital Management LLC now owns 5,108 shares of the company's stock valued at $98,000 after buying an additional 1,214 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of DoubleVerify by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 380,005 shares of the company's stock valued at $7,300,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of 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 purchasing an additional 1,982 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DV shares. Royal Bank Of Canada cut their price target on DoubleVerify from $24.00 to $21.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Craig Hallum reiterated a "buy" rating and issued a $20.00 target price on shares of DoubleVerify in a report on Monday, July 7th. JMP Securities restated a "market outperform" rating and set a $20.00 price objective on shares of DoubleVerify in a report on Thursday, June 12th. Wells Fargo & Company set a $13.00 price objective on DoubleVerify and gave the company an "underweight" rating in a report on Thursday, June 12th. Finally, Truist Financial reaffirmed a "buy" rating and set a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Stock Performance

Shares of NYSE:DV traded down $0.0040 during midday trading on Thursday, reaching $15.5160. 1,160,475 shares of the company traded hands, compared to its average volume of 2,431,627. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $23.11. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 53.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.05. The firm's fifty day moving average price is $15.20 and its two-hundred day moving average price is $15.28.

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 analysts' consensus estimates of $0.06 by ($0.01). The business had revenue of $189.02 million during 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%.DoubleVerify's revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. On average, equities analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current 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.