Walleye Capital LLC Lowers Holdings in DoubleVerify Holdings, Inc. $DV

Key Points

• Walleye Capital LLC significantly reduced its stake in DoubleVerify Holdings, cutting its holdings by 92.1% in the 1st quarter to just 13,086 shares.
• Despite the decrease in holdings by some investors, others like Signaturefd LLC and Versant Capital Management Inc. made substantial increases in their positions, indicating a shift in investor sentiment towards the company.
• DoubleVerify's recent quarterly earnings report showed revenue growth of 21.3% year-over-year, despite an EPS miss against analysts' expectations, while several analysts continue to forecast a positive outlook for the stock with multiple "buy" ratings.

Walleye Capital LLC lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 92.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,086 shares of the company's stock after selling 151,911 shares during the quarter. Walleye Capital LLC's holdings in DoubleVerify were worth $175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock worth $31,000 after purchasing an additional 1,982 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of DoubleVerify in the 1st quarter worth about $40,000. Headlands Technologies LLC raised its position in DoubleVerify by 534.0% in the 1st 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 last quarter. Redwood Investments LLC purchased a new position in DoubleVerify in the 4th quarter worth about $94,000. Finally, Covestor Ltd raised its position in DoubleVerify by 13.9% in the 1st quarter. Covestor Ltd now owns 7,291 shares of the company's stock worth $97,000 after buying an additional 889 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DV. BMO Capital Markets reissued an "outperform" rating and issued a $27.00 target price (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Stifel Nicolaus boosted their target price on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. JMP Securities reissued a "market outperform" rating and issued a $20.00 target price on shares of DoubleVerify in a research report on Tuesday. Morgan Stanley boosted their target price on DoubleVerify from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Truist Financial reissued a "buy" rating and issued a $22.00 target price (up previously from $21.00) on shares of DoubleVerify in a research report on Thursday, June 12th. Fourteen investment 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $19.13.

DoubleVerify Price Performance

NYSE DV opened at $15.25 on Friday. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The firm has a market capitalization of $2.49 billion, a P/E ratio of 52.57, a PEG ratio of 2.39 and a beta of 1.06. The company has a quick ratio of 4.41, a current ratio of 4.41 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $15.51 and a 200-day moving average price of $14.86.

DoubleVerify (NYSE:DV - Get Free Report) last released 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 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 previous year, the company earned $0.04 EPS. DoubleVerify'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. Equities research analysts anticipate 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.

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