Sunriver Management LLC Acquires Shares of 1,681,779 DoubleVerify Holdings, Inc. $DV

Key Points

• Sunriver Management LLC invested approximately $22.49 million in DoubleVerify Holdings, acquiring 1,681,779 shares, which now represent 2.8% of its investment portfolio.
• Several institutional investors have increased their stakes in DoubleVerify, contributing to a high institutional ownership of 97.29%.
• DoubleVerify reported a net margin of 7.38% and a 21.3% year-over-year revenue growth during its most recent earnings release, although it missed EPS estimates by $0.01.

Sunriver Management LLC purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,681,779 shares of the company's stock, valued at approximately $22,485,000. DoubleVerify comprises approximately 2.8% of Sunriver Management LLC's holdings, making the stock its 17th biggest position. Sunriver Management LLC owned about 1.04% of DoubleVerify at the end of the most recent quarter.

Several other large investors have also modified their holdings of DV. Burgundy Asset Management Ltd. lifted its stake in shares of DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after purchasing an additional 2,073,279 shares in the last quarter. Federated Hermes Inc. increased 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 acquiring an additional 1,654,250 shares during the last quarter. BNP Paribas Financial Markets bought a new position in DoubleVerify during the fourth quarter valued at about $31,579,000. Alta Fox Capital Management LLC acquired a new position in shares of DoubleVerify during the 4th quarter worth about $24,267,000. Finally, Vanguard Group Inc. raised its position in shares of DoubleVerify by 5.6% during the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock valued at $246,891,000 after buying an additional 984,779 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Down 0.2%

NYSE:DV traded down $0.03 during mid-day trading on Friday, reaching $16.25. 430,497 shares of the company's stock traded hands, compared to its average volume of 2,421,737. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 4.41. The company has a 50 day moving average price of $15.38 and a 200-day moving average price of $15.09. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 56.05, a PEG ratio of 2.43 and a beta of 1.05.

DoubleVerify (NYSE:DV - Get Free Report) last posted 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 return on equity of 4.86% and a net margin of 7.38%.The company had revenue of $189.02 million during the quarter, compared to the consensus estimate of $171.14 million. During the same period last year, the firm posted $0.04 EPS. The company's revenue for the quarter was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. On average, sell-side analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.