Y Intercept Hong Kong Ltd Increases Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Y Intercept Hong Kong Ltd increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 70.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,604 shares of the company's stock after purchasing an additional 37,841 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.05% of DoubleVerify worth $1,543,000 at the end of the most recent reporting period.

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

DoubleVerify Trading Up 1.5 %

Shares of DV traded up $0.30 during trading hours on Wednesday, reaching $20.77. 1,293,114 shares of the company's stock traded hands, compared to its average volume of 2,310,467. The stock has a market cap of $3.51 billion, a PE ratio of 56.14, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The firm's 50 day simple moving average is $18.62 and its 200-day simple moving average is $18.84. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DV shares. Scotiabank started coverage on DoubleVerify in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $24.00 target price for the company. JMP Securities decreased their price objective on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating for the company in a report on Thursday, November 7th. Morgan Stanley decreased their price objective on DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. Canaccord Genuity Group decreased their price objective on DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Finally, Barclays lifted their price objective on DoubleVerify from $23.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.06.

Insider Activity

In related news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction that occurred on Friday, October 4th. The stock was 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 owns 81,598 shares in the company, valued at $1,380,638.16. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 8,820 shares of company stock worth $155,444. 3.00% of the stock is currently owned by insiders.

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.