Geneva Capital Management LLC Grows Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Geneva Capital Management LLC increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,554,477 shares of the company's stock after buying an additional 69,780 shares during the quarter. Geneva Capital Management LLC owned 1.50% of DoubleVerify worth $43,017,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of DoubleVerify by 1.4% in the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company's stock valued at $552,974,000 after acquiring an additional 216,370 shares in the last quarter. Swiss National Bank raised its stake in shares of DoubleVerify by 15.4% during the 1st quarter. Swiss National Bank now owns 286,200 shares of the company's stock worth $10,063,000 after purchasing an additional 38,200 shares during the period. Russell Investments Group Ltd. grew its position in DoubleVerify by 22.0% during the first quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company's stock valued at $6,443,000 after buying an additional 33,003 shares during the period. NWI Management LP purchased a new stake in DoubleVerify during the first quarter worth about $1,758,000. Finally, UniSuper Management Pty Ltd bought a new stake in DoubleVerify in the first quarter worth about $937,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 0.5 %

Shares of NYSE:DV traded up $0.11 during trading on Wednesday, reaching $20.51. The company had a trading volume of 1,228,248 shares, compared to its average volume of 2,380,421. The company has a fifty day moving average of $17.56 and a two-hundred day moving average of $19.22. The stock has a market capitalization of $3.47 billion, a P/E ratio of 55.24, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00.

DoubleVerify announced that its Board of Directors has approved a share repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

DV has been the topic of several research reports. Royal Bank of Canada lowered their target price on DoubleVerify from $27.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, November 7th. Macquarie reaffirmed an "outperform" rating and set a $19.00 price objective on shares of DoubleVerify in a report on Thursday, November 7th. BMO Capital Markets cut their target price on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Truist Financial lowered 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Two research 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $24.47.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the completion of the sale, 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 at the SEC website. In the last three months, insiders have sold 7,056 shares of company stock valued at $119,634. Corporate insiders own 3.00% of the company's stock.

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.