Disciplined Growth Investors Inc. MN Buys Shares of 1,155,384 DoubleVerify Holdings, Inc. (NYSE:DV)

Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,155,384 shares of the company's stock, valued at approximately $19,457,000. Disciplined Growth Investors Inc. MN owned approximately 0.68% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DV. Assenagon Asset Management S.A. raised its stake in shares of DoubleVerify by 9.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company's stock worth $69,440,000 after buying an additional 360,445 shares during the period. Van Berkom & Associates Inc. raised its position in shares of DoubleVerify by 25.9% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company's stock worth $59,310,000 after purchasing an additional 626,586 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new position in DoubleVerify in the 2nd quarter valued at about $54,099,000. Mackenzie Financial Corp acquired a new stake in DoubleVerify in the 2nd quarter worth about $53,015,000. Finally, Geneva Capital Management LLC boosted its holdings in DoubleVerify by 2.8% in the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock worth $43,017,000 after buying an additional 69,780 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Stock Up 0.3 %

NYSE:DV traded up $0.07 during mid-day trading on Tuesday, reaching $20.41. 510,253 shares of the stock were exchanged, compared to its average volume of 2,309,744. The stock has a market capitalization of $3.45 billion, a P/E ratio of 54.97, a P/E/G ratio of 3.28 and a beta of 0.97. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The company has a 50 day simple moving average of $18.55 and a 200-day simple moving average of $18.82.

DoubleVerify announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 6th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $17.28, for a total value of $30,481.92. Following the transaction, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at approximately $1,410,013.44. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 8,820 shares of company stock worth $155,444. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DV. Morgan Stanley reduced their target price on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. JMP Securities decreased their target price on shares of DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating on the stock in a research note on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price target on shares of DoubleVerify in a report on Tuesday, September 17th. Macquarie reiterated an "outperform" rating and set a $19.00 price objective on shares of DoubleVerify in a research report on Thursday, November 7th. Finally, Wells Fargo & Company initiated coverage on DoubleVerify in a report on Monday, October 28th. They issued an "underweight" rating and a $14.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, DoubleVerify has an average rating of "Moderate Buy" and an average price target of $24.67.

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.