Yorktown Management & Research Co Inc Takes $290,000 Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Yorktown Management & Research Co Inc purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,100 shares of the company's stock, valued at approximately $290,000.

Several other hedge funds also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in DoubleVerify by 9.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company's stock valued at $69,440,000 after acquiring an additional 360,445 shares in the last quarter. Geneva Capital Management LLC lifted its position in DoubleVerify by 2.8% in the third quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock valued at $43,017,000 after acquiring an additional 69,780 shares during the last quarter. Geode Capital Management LLC grew its position in shares of DoubleVerify by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after acquiring an additional 10,696 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of DoubleVerify by 4.8% in the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after buying an additional 94,095 shares during the last quarter. Finally, Brown Capital Management LLC increased its holdings in shares of DoubleVerify by 0.5% in the third quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company's stock valued at $29,683,000 after purchasing an additional 7,975 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total transaction of $35,809.20. Following the transaction, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at approximately $1,656,439.40. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 6,055 shares of company stock worth $126,260. 3.00% of the stock is owned by insiders.

DoubleVerify Trading Down 0.3 %

Shares of NYSE DV traded down $0.06 on Friday, reaching $21.67. 769,505 shares of the company traded hands, compared to its average volume of 1,233,496. The stock has a market capitalization of $3.67 billion, a PE ratio of 58.57, a P/E/G ratio of 2.56 and a beta of 0.99. The company has a 50 day moving average of $20.10 and a 200 day moving average of $19.09. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00.

DoubleVerify declared that its board has approved a stock buyback program on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DV. JPMorgan Chase & Co. reduced their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group lowered their price target on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of DoubleVerify in a report on Wednesday, December 11th. BMO Capital Markets dropped their target price on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, The Goldman Sachs Group decreased their price target on DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $24.00.

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.