Intech Investment Management LLC Reduces Stock Position in DoubleVerify Holdings, Inc. $DV

Key Points

• Intech Investment Management LLC reduced its holdings in DoubleVerify Holdings, Inc. by 14.5%, now owning approximately 356,920 shares worth around $4.77 million after selling 60,631 shares in the first quarter.
• Despite a revenue increase of 21.3% year-over-year, DoubleVerify missed analysts' earnings estimates for the quarter, reporting $0.05 EPS instead of the expected $0.06.
• The stock price of DoubleVerify has dropped by 6.7% recently, currently sitting at $13.02, significantly below its 12-month high of $23.11.

Intech Investment Management LLC lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 356,920 shares of the company's stock after selling 60,631 shares during the period. Intech Investment Management LLC owned 0.22% of DoubleVerify worth $4,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burgundy Asset Management Ltd. raised its stake in DoubleVerify by 73.2% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after acquiring an additional 2,073,279 shares during the last quarter. Sunriver Management LLC purchased a new position in shares of DoubleVerify in the first quarter worth about $22,485,000. Federated Hermes Inc. raised its stake in shares of DoubleVerify by 17,284.0% in the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company's stock worth $22,245,000 after purchasing an additional 1,654,250 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of DoubleVerify by 5.6% in the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock worth $246,891,000 after purchasing an additional 984,779 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of DoubleVerify by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 5,661,283 shares of the company's stock worth $108,753,000 after purchasing an additional 948,529 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

Insider Transactions at DoubleVerify

In related news, Director Lucy Stamell Dobrin sold 6,392 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total transaction of $92,747.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.59% of the company's stock.

Analysts Set New Price Targets

DV has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating and set a $27.00 price target (up from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Morgan Stanley boosted their target price on shares of DoubleVerify from $17.00 to $18.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Craig Hallum restated a "buy" rating and set a $20.00 target price on shares of DoubleVerify in a research report on Monday, July 7th. JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $18.00 to $19.00 in a research note on Friday, August 1st. Finally, Wells Fargo & Company set a $13.00 price objective on DoubleVerify and gave the company an "underweight" rating in a research note on Thursday, June 12th. 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 company. Based on data from MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.

DoubleVerify Price Performance

Shares of DV traded down $0.17 during trading hours on Thursday, hitting $12.81. 1,015,458 shares of the stock were exchanged, compared to its average volume of 2,508,688. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 44.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The stock's 50-day moving average price is $15.27 and its two-hundred day moving average price is $14.40.

DoubleVerify (NYSE:DV - Get Free Report) last issued 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 return on equity of 4.86% and a net margin of 7.38%.The firm had revenue of $189.02 million for the quarter, compared to analysts' expectations of $171.14 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The firm's revenue for the quarter was up 21.3% compared to the same quarter last year. DoubleVerify has set its Q3 2025 guidance at EPS. Research analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share 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.