Healthcare of Ontario Pension Plan Trust Fund Makes New $1.35 Million Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 79,888 shares of the company's stock, valued at approximately $1,345,000.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its stake in shares of DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company's stock valued at $54,000 after buying an additional 1,900 shares during the period. Capital Performance Advisors LLP bought a new stake in DoubleVerify during the 3rd quarter worth about $49,000. Fifth Third Bancorp lifted its position in DoubleVerify by 72.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock valued at $81,000 after purchasing an additional 1,742 shares during the period. KBC Group NV boosted its stake in shares of DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of DoubleVerify by 37.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company's stock worth $129,000 after buying an additional 1,806 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $20.30, for a total value of $35,809.20. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at $1,656,439.40. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 8,820 shares of company stock worth $155,444 over the last ninety days. Corporate insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DV. Stifel Nicolaus reduced their price target on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a report on Monday, October 14th. JPMorgan Chase & Co. dropped their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. JMP Securities decreased their price target on shares of DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets reduced their price objective on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Finally, Royal Bank of Canada dropped their price target on DoubleVerify from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. Two equities research 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. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.47.

DoubleVerify Price Performance

Shares of NYSE:DV traded up $0.39 during midday trading on Monday, hitting $20.72. The company had a trading volume of 1,834,215 shares, compared to its average volume of 2,345,294. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 55.16, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The business's 50-day simple moving average is $18.13 and its 200-day simple moving average is $18.75.

DoubleVerify announced that its board has approved a share buyback program on Wednesday, November 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are 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.