Invenomic Capital Management LP Acquires New Holdings in DoubleVerify Holdings, Inc. $DV

Key Points

• Invenomic Capital Management LP has made a significant new investment of approximately $1.34 million in DoubleVerify Holdings, Inc., acquiring 100,000 shares.
• Current institutional ownership of DoubleVerify is high, with 97.29% of the stock owned by institutional investors, reflecting confidence in the company's potential.
• DoubleVerify reported a 21.3% increase in revenue year-over-year, though it missed earnings expectations slightly with an EPS of $0.05 compared to the consensus estimate of $0.06.

Invenomic Capital Management LP acquired a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 100,000 shares of the company's stock, valued at approximately $1,337,000. Invenomic Capital Management LP owned 0.06% of DoubleVerify as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Covestor Ltd lifted its stake in shares of DoubleVerify by 13.9% during the first quarter. Covestor Ltd now owns 7,291 shares of the company's stock worth $97,000 after purchasing an additional 889 shares in the last quarter. Nuveen Asset Management LLC raised its holdings 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 valued at $7,300,000 after buying an additional 1,779 shares during the period. Signaturefd LLC raised its holdings in shares of DoubleVerify by 582.9% during the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after buying an additional 1,982 shares during the period. Avantax Advisory Services Inc. lifted its position in DoubleVerify by 11.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 25,926 shares of the company's stock worth $347,000 after acquiring an additional 2,659 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in DoubleVerify in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Stifel Nicolaus raised their price target on shares of DoubleVerify from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, June 12th. BMO Capital Markets reaffirmed an "outperform" rating and set a $27.00 price target (up from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Truist Financial reaffirmed a "buy" rating and set a $22.00 price target (up from $21.00) on shares of DoubleVerify in a report on Thursday, June 12th. Finally, Craig Hallum reaffirmed a "buy" rating and set a $20.00 price target on shares of DoubleVerify in a report on Monday, July 7th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.13.

DoubleVerify Stock Performance

Shares of NYSE:DV traded down $0.64 on Tuesday, reaching $14.80. 3,876,084 shares of the company's stock were exchanged, compared to its average volume of 2,436,299. The business's 50-day moving average is $15.53 and its two-hundred day moving average is $14.65. 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 fifty-two week low of $11.52 and a fifty-two week high of $23.11. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 2.24 and a beta of 1.06.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings data 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). 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 the consensus estimate of $171.14 million. During the same period in the prior year, the company earned $0.04 EPS. DoubleVerify's quarterly revenue was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS 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.