Gagnon Securities LLC Sells 28,071 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Key Points

• Gagnon Securities LLC reduced its stake in DoubleVerify Holdings by 22.7%, holding 95,830 shares worth approximately $1.28 million after selling 28,071 shares in the first quarter.
• Other institutional investors, such as Burgundy Asset Management and Federated Hermes, significantly increased their stakes in DoubleVerify, with Burgundy raising its holdings by 73.2% and Federated by 17,284.0%.
• Analysts maintain a consensus rating of "Moderate Buy" for DoubleVerify, with a price target averaging $19.13, despite mixed earnings reports where the company missed estimates by $0.01.

Gagnon Securities LLC cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 22.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,830 shares of the company's stock after selling 28,071 shares during the quarter. Gagnon Securities LLC owned about 0.06% of DoubleVerify worth $1,281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of DoubleVerify by 582.9% in the first quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after buying an additional 1,982 shares during the period. Quadrant Capital Group LLC boosted its position in shares of DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after buying an additional 1,285 shares during the period. Versant Capital Management Inc acquired a new stake in shares of DoubleVerify in the first quarter worth $40,000. Headlands Technologies LLC boosted its position in shares of DoubleVerify by 534.0% in the first quarter. Headlands Technologies LLC now owns 4,647 shares of the company's stock worth $62,000 after buying an additional 3,914 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its position in shares of DoubleVerify by 50.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after buying an additional 1,317 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DV. Wells Fargo & Company set a $13.00 price objective on shares of DoubleVerify and gave the stock an "underweight" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. raised shares of DoubleVerify from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $18.00 to $19.00 in a research report on Friday, August 1st. Morgan Stanley boosted their price target on DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Raymond James Financial lowered their price target on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a report on Monday, May 5th. Finally, Truist Financial reissued a "buy" rating and issued a $22.00 price target (up previously from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Trading Up 0.3%

Shares of NYSE DV traded up $0.04 during midday trading on Monday, hitting $14.92. The stock had a trading volume of 954,179 shares, compared to its average volume of 2,462,987. 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 1-year low of $11.52 and a 1-year high of $23.11. The company has a fifty day moving average price of $15.05 and a 200 day moving average price of $15.53. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 2.22 and a beta of 1.05.

DoubleVerify (NYSE:DV - Get Free Report) last posted its quarterly 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 firm had revenue of $189.02 million for the quarter, compared to analysts' expectations of $171.14 million. DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%. The firm's revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the business earned $0.04 earnings per share. On average, analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

DoubleVerify 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.