Qsemble Capital Management LP Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Qsemble Capital Management LP purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 114,061 shares of the company's stock, valued at approximately $1,921,000. Qsemble Capital Management LP owned 0.07% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of DoubleVerify during the third quarter worth about $2,581,000. Algert Global LLC raised its holdings in DoubleVerify by 311.4% during the 3rd quarter. Algert Global LLC now owns 615,275 shares of the company's stock worth $10,361,000 after purchasing an additional 465,729 shares during the last quarter. Brown Capital Management LLC lifted its position in shares of DoubleVerify by 0.5% in the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company's stock worth $29,683,000 after purchasing an additional 7,975 shares during the period. Intech Investment Management LLC boosted its stake in shares of DoubleVerify by 127.9% in the 3rd quarter. Intech Investment Management LLC now owns 165,509 shares of the company's stock valued at $2,787,000 after purchasing an additional 92,900 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of DoubleVerify in the 3rd quarter valued at $2,128,000. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded down $0.13 on Tuesday, hitting $20.50. The company had a trading volume of 1,507,709 shares, compared to its average volume of 2,359,903. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 55.41, a P/E/G ratio of 3.18 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The stock has a 50 day moving average of $17.88 and a 200-day moving average of $18.72.

DoubleVerify announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on DV shares. BMO Capital Markets dropped their target price on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Truist Financial dropped their price objective on DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Barclays decreased their target price on DoubleVerify from $27.00 to $23.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Macquarie reissued an "outperform" rating and issued a $19.00 price target on shares of DoubleVerify in a research note on Thursday, November 7th. Finally, JMP Securities cut their price target on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.47.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is owned by insiders.

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.