Gagnon Securities LLC Buys 269,170 Shares of DoubleVerify Holdings, Inc. $DV

Key Points

• Gagnon Securities LLC significantly increased its stake in DoubleVerify Holdings, Inc. by 280.9% during the 2nd quarter, acquiring an additional 269,170 shares to hold a total of 365,000 shares valued at approximately $5.46 million.
• DoubleVerify's stock is currently trading at $11.23, with a 12-month low of $10.98 and a high of $23.11, and the company reported a quarterly revenue of $189.02 million, exceeding expectations.
• Recent analyst reports suggest a consensus rating of "Moderate Buy" for DoubleVerify, with target prices ranging from $13.00 to $20.00 following various evaluations by different brokerages.

Gagnon Securities LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 280.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,000 shares of the company's stock after acquiring an additional 269,170 shares during the period. DoubleVerify makes up 1.1% of Gagnon Securities LLC's investment portfolio, making the stock its 27th largest holding. Gagnon Securities LLC owned about 0.22% of DoubleVerify worth $5,464,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Gagnon Advisors LLC boosted its stake in DoubleVerify by 362.1% during the second quarter. Gagnon Advisors LLC now owns 312,885 shares of the company's stock worth $4,684,000 after acquiring an additional 245,180 shares in the last quarter. 111 Capital purchased a new position in DoubleVerify in the second quarter worth about $444,000. Impact Investors Inc raised its holdings in DoubleVerify by 15.7% in the second quarter. Impact Investors Inc now owns 50,477 shares of the company's stock worth $756,000 after buying an additional 6,859 shares during the last quarter. ZWJ Investment Counsel Inc. raised its holdings in DoubleVerify by 0.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 1,112,908 shares of the company's stock worth $16,660,000 after buying an additional 4,202 shares during the last quarter. Finally, Washington Capital Management Inc. raised its holdings in DoubleVerify by 10.4% in the second quarter. Washington Capital Management Inc. now owns 43,500 shares of the company's stock worth $651,000 after buying an additional 4,100 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Down 0.7%

Shares of DV stock opened at $11.23 on Wednesday. DoubleVerify Holdings, Inc. has a 12 month low of $10.98 and a 12 month high of $23.11. The stock has a market cap of $1.84 billion, a P/E ratio of 38.74, a P/E/G ratio of 1.69 and a beta of 0.99. 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 company has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $14.13.

DoubleVerify (NYSE:DV - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $171.14 million. During the same period in the prior year, the company posted $0.04 earnings per share. The firm's quarterly revenue was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. On average, research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total value of $92,747.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew E. Grimmig sold 4,096 shares of DoubleVerify stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the transaction, the insider owned 96,301 shares in the company, valued at approximately $1,250,949.99. This trade represents a 4.08% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on DV. JMP Securities reaffirmed a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a report on Tuesday, September 2nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 target price on shares of DoubleVerify in a report on Thursday, June 12th. Wells Fargo & Company set a $13.00 target price on shares of DoubleVerify and gave the stock an "underweight" rating in a report on Thursday, June 12th. Stifel Nicolaus boosted their price objective on shares of DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised shares of DoubleVerify from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $18.00 to $19.00 in a report on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and an average 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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