DoubleVerify (NYSE:DV) Issues Quarterly Earnings Results

DoubleVerify (NYSE:DV) announced its earnings results on Friday. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13, Zacks reports. The business had revenue of $188.62 million during the quarter, compared to the consensus estimate of $190.43 million. DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. DoubleVerify updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

DoubleVerify Stock Performance

Shares of DV stock traded down $1.61 during mid-day trading on Friday, reaching $9.37. The stock had a trading volume of 11,526,599 shares, compared to its average volume of 3,284,341. DoubleVerify has a 1-year low of $7.64 and a 1-year high of $23.11. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 32.29, a PEG ratio of 1.66 and a beta of 0.98. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $12.27 and its 200-day moving average is $13.87.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DV. Morgan Stanley reduced their price objective on shares of DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Barclays lifted their price target on shares of DoubleVerify from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DoubleVerify in a research report on Wednesday, October 8th. JMP Securities reissued a “market outperform” rating and issued a $20.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. upgraded DoubleVerify from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $19.00 in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, DoubleVerify has a consensus rating of “Hold” and an average target price of $18.65.

Insider Buying and Selling

In other DoubleVerify news, Director Lucy Stamell Dobrin sold 6,392 shares of DoubleVerify stock in a transaction that occurred on 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 can be accessed through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider owned 96,301 shares in the company, valued at $1,250,949.99. The trade was a 4.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,488 shares of company stock worth $157,255. 3.59% of the stock is owned by insiders.

Institutional Investors Weigh In On DoubleVerify

Several hedge funds have recently added to or reduced their stakes in DV. California State Teachers Retirement System grew its position in DoubleVerify by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock worth $1,993,000 after purchasing an additional 754 shares during the period. Woodline Partners LP boosted its stake in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock worth $412,000 after buying an additional 762 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock worth $56,000 after acquiring an additional 2,660 shares during the period. Creative Planning grew its holdings in DoubleVerify by 17.8% during the second quarter. Creative Planning now owns 25,827 shares of the company’s stock worth $387,000 after acquiring an additional 3,900 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in DoubleVerify by 624.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after acquiring an additional 3,995 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.