M&G PLC Acquires Shares of 712,772 DoubleVerify Holdings, Inc. $DV

M&G PLC bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the second quarter, Holdings Channel reports. The firm bought 712,772 shares of the company’s stock, valued at approximately $10,692,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Signaturefd LLC raised its position in DoubleVerify by 582.9% in the first quarter. Signaturefd LLC now owns 2,322 shares of the company’s stock worth $31,000 after acquiring an additional 1,982 shares during the period. Parallel Advisors LLC increased its stake in shares of DoubleVerify by 572.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $36,000 after purchasing an additional 2,031 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of DoubleVerify by 3,035.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,167 shares of the company’s stock worth $47,000 after purchasing an additional 3,066 shares during the period. GAMMA Investing LLC lifted its stake in DoubleVerify by 176.7% in the second quarter. GAMMA Investing LLC now owns 3,414 shares of the company’s stock valued at $51,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in DoubleVerify by 223.1% in the second quarter. Bessemer Group Inc. now owns 3,741 shares of the company’s stock valued at $56,000 after purchasing an additional 2,583 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $13.50 target price on shares of DoubleVerify in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley reduced their target price on shares of DoubleVerify from $16.50 to $15.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Royal Bank Of Canada dropped their price target on shares of DoubleVerify from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, DoubleVerify presently has a consensus rating of “Hold” and a consensus target price of $16.38.

DoubleVerify Stock Down 3.4%

Shares of NYSE:DV opened at $10.51 on Thursday. The firm has a market capitalization of $1.69 billion, a P/E ratio of 42.02, a P/E/G ratio of 1.67 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 3.98. The stock has a 50 day moving average price of $11.94 and a 200-day moving average price of $13.83. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $23.11.

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

Insider Buying and Selling

In other news, 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 value of $53,207.04. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lucy Stamell Dobrin sold 6,392 shares of the firm’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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,488 shares of company stock worth $157,255. 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.