Fort Washington Investment Advisors Inc. OH Boosts Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,010,596 shares of the company's stock after buying an additional 161,170 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.60% of DoubleVerify worth $19,414,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DV. True Wealth Design LLC acquired a new stake in DoubleVerify during the third quarter worth about $29,000. GAMMA Investing LLC grew its stake in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after buying an additional 863 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of DoubleVerify during the 3rd quarter worth approximately $49,000. KBC Group NV raised its position in shares of DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after buying an additional 1,325 shares during the period. Finally, Covestor Ltd lifted its holdings in DoubleVerify by 22.8% in 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. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on DV shares. JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 target price on shares of DoubleVerify in a research report on Friday, January 10th. Royal Bank of Canada upped their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Barclays lowered their price objective on shares of DoubleVerify from $27.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Finally, Wells Fargo & Company initiated coverage on DoubleVerify in a research note on Monday, October 28th. They issued an "underweight" rating and a $14.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has an average rating of "Moderate Buy" and a consensus target price of $24.00.

DoubleVerify Price Performance

Shares of NYSE DV traded down $0.18 during midday trading on Thursday, hitting $19.72. 826,306 shares of the company's stock were exchanged, compared to its average volume of 1,594,969. The firm's fifty day simple moving average is $19.86 and its 200-day simple moving average is $19.00. The company has a market cap of $3.34 billion, a PE ratio of 53.29, a P/E/G ratio of 2.35 and a beta of 0.98. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00.

DoubleVerify announced that its board has approved a stock repurchase plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total value of $42,476.21. Following the completion of the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,761,439.82. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

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.