Ashford Capital Management Inc. Raises Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Ashford Capital Management Inc. raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 14.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 740,880 shares of the company's stock after purchasing an additional 92,020 shares during the period. DoubleVerify accounts for approximately 1.6% of Ashford Capital Management Inc.'s portfolio, making the stock its 28th largest holding. Ashford Capital Management Inc. owned 0.44% of DoubleVerify worth $12,476,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in DoubleVerify by 0.5% in the 3rd 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 period. Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify in the third quarter valued at $19,457,000. M&T Bank Corp purchased a new stake in DoubleVerify during the 3rd quarter worth about $384,000. Y Intercept Hong Kong Ltd boosted its stake in DoubleVerify by 70.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,604 shares of the company's stock worth $1,543,000 after purchasing an additional 37,841 shares during the period. Finally, XTX Topco Ltd grew its holdings in DoubleVerify by 193.4% during the 3rd quarter. XTX Topco Ltd now owns 110,668 shares of the company's stock valued at $1,864,000 after buying an additional 72,943 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on DV shares. The Goldman Sachs Group decreased their target price on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Canaccord Genuity Group reduced their target price on DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Truist Financial lowered their price target on DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Piper Sandler dropped their price target on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Finally, Scotiabank initiated coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, DoubleVerify has a consensus rating of "Moderate Buy" and an average price target of $24.67.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company'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 sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,656,439.40. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 8,820 shares of company stock valued at $155,444 over the last three months. Corporate insiders own 3.00% of the company's stock.

DoubleVerify Trading Up 0.6 %

Shares of DV stock traded up $0.13 during trading hours on Tuesday, reaching $20.47. The company's stock had a trading volume of 1,043,993 shares, compared to its average volume of 2,312,147. The stock has a market capitalization of $3.46 billion, a P/E ratio of 54.97, a P/E/G ratio of 3.28 and a beta of 0.97. The firm's fifty day simple moving average is $18.55 and its 200 day simple moving average is $18.82. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00.

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

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.