Quest Partners LLC Purchases 31,416 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Quest Partners LLC raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 209,440.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,431 shares of the company's stock after purchasing an additional 31,416 shares during the quarter. Quest Partners LLC's holdings in DoubleVerify were worth $529,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DV. Assenagon Asset Management S.A. bought a new stake in DoubleVerify during the second quarter valued at about $73,268,000. Burgundy Asset Management Ltd. purchased a new stake in shares of DoubleVerify in the second quarter worth approximately $54,099,000. Mackenzie Financial Corp bought a new stake in shares of DoubleVerify during the second quarter worth $53,015,000. Jericho Capital Asset Management L.P. purchased a new stake in DoubleVerify in the 1st quarter valued at about $53,584,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of DoubleVerify in the second quarter valued at approximately $13,000,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DV. Truist Financial cut their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. JMP Securities reduced their price target on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating for the company in a research report on Thursday, November 7th. Barclays dropped their price objective on DoubleVerify from $27.00 to $23.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Morgan Stanley decreased their price target 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. Finally, BMO Capital Markets cut their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and an average price target of $24.47.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $17.28, for a total transaction of $30,481.92. Following the completion of the sale, the chief financial officer now owns 81,598 shares of the company's stock, valued at $1,410,013.44. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 8,820 shares of company stock worth $155,444 over the last ninety days. Insiders own 3.00% of the company's stock.

DoubleVerify Trading Up 0.4 %

Shares of NYSE:DV traded up $0.07 on Friday, hitting $20.07. The company had a trading volume of 1,106,284 shares, compared to its average volume of 2,548,187. The stock has a 50 day moving average price of $17.81 and a 200 day moving average price of $18.71. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 54.24, a P/E/G ratio of 3.17 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify announced that its board has initiated a stock repurchase plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.