DoubleVerify (NYSE:DV) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

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

DoubleVerify Trading Down 14.6%

DV stock traded down $1.61 during midday trading on Friday, reaching $9.37. 11,526,599 shares of the company traded hands, compared to its average volume of 3,284,341. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.66 and a beta of 0.98. DoubleVerify has a 52-week low of $7.64 and a 52-week high of $23.11. The business has a 50 day moving average of $12.27 and a 200-day moving average of $13.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41.

Insider Activity at DoubleVerify

In other news, Director Lucy Stamell Dobrin sold 6,392 shares of the 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew E. Grimmig sold 4,096 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,250,949.99. This trade represents a 4.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 11,488 shares of company stock worth $157,255. Corporate insiders own 3.59% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DV. Captrust Financial Advisors increased its position in DoubleVerify by 46.1% during the 2nd quarter. Captrust Financial Advisors now owns 35,529 shares of the company’s stock valued at $532,000 after purchasing an additional 11,214 shares during the period. Man Group plc bought a new position in shares of DoubleVerify during the second quarter valued at approximately $1,573,000. Manatuck Hill Partners LLC purchased a new position in DoubleVerify during the second quarter valued at approximately $1,048,000. Quantinno Capital Management LP raised its stake in DoubleVerify by 23.5% in the second quarter. Quantinno Capital Management LP now owns 41,885 shares of the company’s stock worth $627,000 after buying an additional 7,982 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new position in DoubleVerify in the second quarter worth approximately $557,000. Institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of DoubleVerify from $18.00 to $16.50 and set an “equal weight” rating for the company in a research report on Monday, October 20th. Wells Fargo & Company decreased their price target on shares of DoubleVerify from $13.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 21st. BMO Capital Markets restated an “outperform” rating and set a $27.00 price objective (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. JMP Securities reiterated a “market outperform” rating and issued a $20.00 target price on shares of DoubleVerify in a research report on Tuesday, September 2nd. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $13.50 price target on shares of DoubleVerify in a research note on Tuesday, October 14th. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, DoubleVerify presently has a consensus rating of “Hold” and an average target price of $18.65.

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.