Neo Ivy Capital Management Buys Shares of 47,146 DoubleVerify Holdings, Inc. (NYSE:DV)

Neo Ivy Capital Management purchased a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,146 shares of the company's stock, valued at approximately $794,000.

Other large investors also recently made changes to their positions in the company. Ashford Capital Management Inc. grew its position in shares of DoubleVerify by 14.2% in the third quarter. Ashford Capital Management Inc. now owns 740,880 shares of the company's stock valued at $12,476,000 after purchasing an additional 92,020 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 10,696 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new position in shares of DoubleVerify during the third quarter worth approximately $19,457,000. M&T Bank Corp bought a new stake in shares of DoubleVerify in the third quarter valued at approximately $384,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of DoubleVerify by 70.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,604 shares of the company's stock worth $1,543,000 after acquiring an additional 37,841 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

DoubleVerify Trading Down 3.2 %

Shares of DoubleVerify stock traded down $0.67 during midday trading on Thursday, reaching $20.10. The company had a trading volume of 1,157,535 shares, compared to its average volume of 2,305,663. The stock has a fifty day simple moving average of $18.77 and a 200 day simple moving average of $18.86. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97.

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

Insider Activity

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm's stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $20.30, for a total value of $35,809.20. Following the transaction, the chief financial officer now owns 81,598 shares of the company's stock, valued at approximately $1,656,439.40. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 8,820 shares of company stock valued at $155,444. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DV. Wells Fargo & Company started coverage on shares of DoubleVerify in a research report on Monday, October 28th. They issued an "underweight" rating and a $14.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Piper Sandler cut their price target on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on DoubleVerify from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.06.

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.