Aigen Investment Management LP bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 72,578 shares of the company's stock, valued at approximately $1,222,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of DoubleVerify during the third quarter valued at approximately $49,000. CWM LLC grew its position in DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company's stock valued at $54,000 after purchasing an additional 1,900 shares in the last quarter. Fifth Third Bancorp grew its position in DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock valued at $81,000 after purchasing an additional 1,742 shares in the last quarter. Covestor Ltd grew its position in DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company's stock valued at $112,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in DoubleVerify by 37.6% during the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company's stock valued at $129,000 after purchasing an additional 1,806 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.
DoubleVerify Stock Down 0.3 %
Shares of NYSE:DV traded down $0.06 during midday trading on Wednesday, hitting $20.34. The stock had a trading volume of 2,875,459 shares, compared to its average volume of 2,387,908. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The business's 50-day simple moving average is $17.56 and its 200-day simple moving average is $19.22. The company has a market cap of $3.44 billion, a P/E ratio of 55.24, a PEG ratio of 2.43 and a beta of 0.90.
DoubleVerify declared that its Board of Directors has approved a stock buyback program on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of brokerages recently commented on DV. Morgan Stanley lowered their price objective on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus lowered their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. JMP Securities lowered their price objective on shares of DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating on the stock in a research report on Thursday, November 7th. Piper Sandler lowered their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $33.00 target price on shares of DoubleVerify in a research report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $24.47.
Check Out Our Latest Research Report on DV
Insiders Place Their Bets
In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at $1,380,638.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 7,056 shares of company stock valued at $119,634 over the last ninety days. 3.00% of the stock is currently owned by company insiders.
About DoubleVerify
(
Free Report)
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.
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