ZWJ Investment Counsel Inc. Grows Position in DoubleVerify Holdings, Inc. $DV

ZWJ Investment Counsel Inc. lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,112,908 shares of the company’s stock after buying an additional 4,202 shares during the quarter. ZWJ Investment Counsel Inc. owned approximately 0.68% of DoubleVerify worth $16,660,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DV. Wealth Enhancement Advisory Services LLC raised its stake in DoubleVerify by 106.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 57,772 shares of the company’s stock valued at $1,110,000 after purchasing an additional 29,745 shares in the last quarter. Versant Capital Management Inc bought a new position in DoubleVerify during the first quarter valued at approximately $40,000. GAMMA Investing LLC grew its position in DoubleVerify by 710.4% during the first quarter. GAMMA Investing LLC now owns 16,499 shares of the company’s stock valued at $221,000 after acquiring an additional 14,463 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of DoubleVerify in the first quarter worth approximately $177,000. Finally, Washington Capital Management Inc. grew its holdings in shares of DoubleVerify by 24.3% in the first quarter. Washington Capital Management Inc. now owns 39,400 shares of the company’s stock worth $527,000 after purchasing an additional 7,700 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DV has been the topic of several recent analyst reports. Barclays lifted their price target on shares of DoubleVerify from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. JMP Securities reissued a “market outperform” rating and set a $20.00 price objective on shares of DoubleVerify in a research report on Tuesday, September 2nd. Stifel Nicolaus lifted their price target on DoubleVerify from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Morgan Stanley lifted their price objective on DoubleVerify from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. upgraded DoubleVerify from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $19.00 in a report on Friday, August 1st. Fourteen 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.13.

Insider Buying and Selling

In related news, insider Andrew E. Grimmig sold 4,096 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $12.99, for a total value of $53,207.04. Following the transaction, the insider directly owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. The trade was a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $14.51, for a total value of $92,747.92. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

DoubleVerify Trading Down 0.3%

DoubleVerify stock opened at $11.30 on Friday. The business has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $14.18. The company has a market cap of $1.85 billion, a P/E ratio of 38.95, a P/E/G ratio of 1.69 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 52-week low of $11.16 and a 52-week high of $23.11. 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 (NYSE:DV) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $189.02 million for the quarter, compared to the consensus estimate of $171.14 million. DoubleVerify had a net margin of 7.38% and a return on equity of 4.86%. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share. DoubleVerify has set its Q3 2025 guidance at EPS. Analysts predict that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

DoubleVerify Company 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.