Clune & Associates LTD. Sells 3,046 Shares of DoubleVerify Holdings, Inc. $DV

Clune & Associates LTD. decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,728 shares of the company’s stock after selling 3,046 shares during the period. Clune & Associates LTD.’s holdings in DoubleVerify were worth $774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of DoubleVerify by 68.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 97,140 shares of the company’s stock worth $1,299,000 after purchasing an additional 39,368 shares during the period. Oppenheimer Asset Management Inc. increased its position in DoubleVerify by 36.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 81,672 shares of the company’s stock worth $1,092,000 after buying an additional 21,829 shares during the period. Teacher Retirement System of Texas bought a new position in DoubleVerify in the 1st quarter worth approximately $281,000. ZWJ Investment Counsel Inc. lifted its holdings in shares of DoubleVerify by 224.3% during the first quarter. ZWJ Investment Counsel Inc. now owns 1,108,706 shares of the company’s stock worth $14,823,000 after buying an additional 766,802 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of DoubleVerify in the first quarter valued at approximately $175,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Trading Up 3.4%

DV stock opened at $11.26 on Tuesday. The business has a fifty day moving average price of $13.53 and a 200 day moving average price of $13.99. 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 Holdings, Inc. has a fifty-two week low of $10.73 and a fifty-two week high of $23.11. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 1.63 and a beta of 0.99.

DoubleVerify (NYSE:DV) last announced its 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 return on equity of 4.86% and a net margin of 7.38%.The business had revenue of $189.02 million for the quarter, compared to the consensus estimate of $171.14 million. During the same quarter in the previous 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. Analysts expect that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current fiscal year.

Insider Activity

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the company’s 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 document filed with the SEC, which is available through this hyperlink. Also, insider Andrew E. Grimmig sold 4,096 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $12.99, for a total transaction of $53,207.04. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, October 8th. The Goldman Sachs Group restated a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a research note on Tuesday, October 14th. Barclays upped their price target on DoubleVerify from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $27.00 price objective (up from $26.00) on shares of DoubleVerify in a report on Wednesday, August 6th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price target on shares of DoubleVerify in a research note on Monday, July 7th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $18.95.

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.