Dynamic Technology Lab Private Ltd purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 153,268 shares of the company's stock, valued at approximately $2,581,000. Dynamic Technology Lab Private Ltd owned approximately 0.09% of DoubleVerify as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DV. Algert Global LLC boosted its holdings in shares of DoubleVerify by 311.4% in the 3rd quarter. Algert Global LLC now owns 615,275 shares of the company's stock valued at $10,361,000 after buying an additional 465,729 shares in the last quarter. Brown Capital Management LLC boosted its stake in DoubleVerify by 0.5% during the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company's stock worth $29,683,000 after purchasing an additional 7,975 shares during the period. Intech Investment Management LLC boosted its stake in DoubleVerify by 127.9% during the 3rd quarter. Intech Investment Management LLC now owns 165,509 shares of the company's stock worth $2,787,000 after purchasing an additional 92,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in DoubleVerify during the 3rd quarter worth $2,128,000. Finally, Quest Partners LLC boosted its stake in DoubleVerify by 209,440.0% during the 3rd quarter. Quest Partners LLC now owns 31,431 shares of the company's stock worth $529,000 after purchasing an additional 31,416 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.
DoubleVerify Price Performance
DV stock traded up $0.57 during midday trading on Monday, hitting $20.64. The stock had a trading volume of 679,174 shares, compared to its average volume of 2,358,861. The company's 50-day moving average price is $17.81 and its 200 day moving average price is $18.71. The firm has a market cap of $3.49 billion, a PE ratio of 54.24, a price-to-earnings-growth ratio of 3.18 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 declared that its Board of Directors has authorized a stock repurchase program on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits 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 management believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Piper Sandler decreased their price target on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Macquarie restated an "outperform" rating and set a $19.00 price objective on shares of DoubleVerify in a research report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a research report on Monday, October 28th. They set an "underweight" rating and a $14.00 price objective for the company. Canaccord Genuity Group cut their price objective on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Stifel Nicolaus cut their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.47.
Read Our Latest Research Report on DoubleVerify
Insider Transactions at DoubleVerify
In other news, CFO Nicola T. Allais sold 1,764 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the transaction, the chief financial officer now owns 81,598 shares of the company's stock, valued at $1,380,638.16. This represents a 2.12 % decrease in their position. The transaction was disclosed in a legal 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 quarter. 3.00% of the stock is currently owned by insiders.
About DoubleVerify
(
Free Report)
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.
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