Wellington Management Group LLP Cuts Position in DoubleVerify Holdings, Inc. $DV

Key Points

• Wellington Management Group LLP reduced its shareholding in DoubleVerify Holdings, Inc. by 11.3% in the first quarter, selling 46,749 shares and now owning 368,588 shares valued at approximately $4.93 million.
• Recent institutional activity includes Burgundy Asset Management increasing its holdings by 73.2% and Federated Hermes boosting theirs by an astounding 17,284%.
• DoubleVerify's latest earnings report showed revenue growth of 21.3% year-over-year, with EPS of $0.05, slightly missing consensus estimates.

Wellington Management Group LLP trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 11.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 368,588 shares of the company's stock after selling 46,749 shares during the period. Wellington Management Group LLP owned about 0.23% of DoubleVerify worth $4,928,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signaturefd LLC raised its stake in DoubleVerify by 582.9% in the 1st quarter. Signaturefd LLC now owns 2,322 shares of the company's stock valued at $31,000 after acquiring an additional 1,982 shares during the period. Versant Capital Management Inc bought a new position in DoubleVerify during the 1st quarter worth $40,000. Headlands Technologies LLC lifted its holdings in shares of DoubleVerify by 534.0% during 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 in the last quarter. Redwood Investments LLC acquired a new position in shares of DoubleVerify in the fourth quarter valued at about $94,000. Finally, Covestor Ltd raised its stake 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 purchasing an additional 889 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

DV has been the topic of several recent research reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $27.00 target price (up from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Wells Fargo & Company set a $13.00 target price on DoubleVerify and gave the company an "underweight" rating in a research report on Thursday, June 12th. Raymond James Financial dropped their price objective on shares of DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research note on Monday, May 5th. Craig Hallum reissued a "buy" rating and set a $20.00 price target on shares of DoubleVerify in a research note on Monday, July 7th. Finally, Barclays raised their price objective on shares of DoubleVerify from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Stock Down 2.0%

Shares of DoubleVerify stock traded down $0.32 during trading on Tuesday, reaching $15.95. 1,914,495 shares of the company traded hands, compared to its average volume of 2,425,983. The firm has a market capitalization of $2.61 billion, a PE ratio of 55.00, a P/E/G ratio of 2.43 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $23.11. The company has a 50 day moving average price of $15.46 and a 200-day moving average price of $14.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.41 and a quick ratio of 4.41.

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 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 company had revenue of $189.02 million for the quarter, compared to analyst estimates of $171.14 million. During the same quarter in the prior year, the company posted $0.04 EPS. DoubleVerify's revenue for the quarter 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 expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal 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.