DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 137.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,131 shares of the company's stock after buying an additional 54,528 shares during the quarter. Entropy Technologies LP owned about 0.06% of DoubleVerify worth $1,585,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in DoubleVerify in the third quarter valued at $49,000. CWM LLC lifted its position in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company's stock valued at $54,000 after buying an additional 1,900 shares during the last quarter. Fifth Third Bancorp boosted its stake in DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock worth $81,000 after buying an additional 1,742 shares during the period. Covestor Ltd increased its position in shares of 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 acquiring an additional 1,235 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of DoubleVerify by 37.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company's stock valued at $129,000 after acquiring an additional 1,806 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm's stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the transaction, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at approximately $1,339,023.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 7,056 shares of company stock valued at $119,634 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Up 0.2 %

NYSE:DV traded up $0.05 during mid-day trading on Wednesday, reaching $20.45. 1,598,964 shares of the stock were exchanged, compared to its average volume of 2,382,106. 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 $17.56 and a 200-day simple moving average of $19.22. The stock has a market capitalization of $3.46 billion, a P/E ratio of 55.24, a P/E/G ratio of 2.43 and a beta of 0.90.

DoubleVerify announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DV. Wells Fargo & Company began coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an "underweight" rating and a $14.00 target price for the company. BMO Capital Markets lowered their target price on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Truist Financial reduced their price target on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Morgan Stanley lowered their price objective on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group reduced their target price on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.47.

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.