SG Americas Securities LLC Decreases Holdings in DoubleVerify Holdings, Inc. $DV

SG Americas Securities LLC trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 27.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,906 shares of the company’s stock after selling 12,294 shares during the quarter. SG Americas Securities LLC’s holdings in DoubleVerify were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in DoubleVerify by 5.6% in the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company’s stock valued at $246,891,000 after acquiring an additional 984,779 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of DoubleVerify by 6.5% during the 1st quarter. Burgundy Asset Management Ltd. now owns 5,225,968 shares of the company’s stock valued at $69,871,000 after purchasing an additional 319,055 shares during the last quarter. Sunriver Management LLC bought a new position in shares of DoubleVerify in the 1st quarter worth approximately $22,485,000. Federated Hermes Inc. boosted its holdings 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 buying an additional 1,654,250 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its position in DoubleVerify by 99.6% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,497,444 shares of the company’s stock valued at $22,417,000 after buying an additional 747,252 shares during the period. Institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DV. Truist Financial decreased their price target on shares of DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. JPMorgan Chase & Co. reduced their price objective on DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Canaccord Genuity Group lowered their target price on DoubleVerify from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Scotiabank reissued an “outperform” rating on shares of DoubleVerify in a report on Monday, November 10th. Finally, Barclays decreased their price objective on DoubleVerify from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.38.

DoubleVerify Price Performance

NYSE:DV opened at $10.46 on Thursday. The business’s 50-day simple moving average is $11.21 and its two-hundred day simple moving average is $13.61. DoubleVerify Holdings, Inc. has a 52 week low of $7.64 and a 52 week high of $23.11. The stock has a market cap of $1.68 billion, a PE ratio of 41.82, a P/E/G ratio of 1.73 and a beta of 0.98. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01.

DoubleVerify (NYSE:DV) last released its quarterly earnings data on Friday, November 7th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. The firm had revenue of $188.62 million during the quarter, compared to analyst estimates of $190.43 million. DoubleVerify had a return on equity of 6.59% and a net margin of 6.10%.The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. DoubleVerify has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity at DoubleVerify

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $14.51, for a total value of $92,747.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Andrew E. Grimmig sold 4,096 shares of the company’s 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 transaction, the insider owned 96,301 shares of the company’s stock, valued at approximately $1,250,949.99. This represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 11,488 shares of company stock worth $157,255. Company insiders own 3.59% of the company’s stock.

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.