Impax Asset Management Group plc Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Impax Asset Management Group plc bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,222 shares of the company's stock, valued at approximately $657,000.

Several other institutional investors have also recently bought and sold shares of DV. True Wealth Design LLC bought a new stake in DoubleVerify in the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 863 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of DoubleVerify during the 3rd quarter worth approximately $49,000. KBC Group NV increased 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 worth $85,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company's stock worth $112,000 after purchasing an additional 1,235 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

DV has been the topic of several recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Macquarie reaffirmed an "outperform" rating and set a $19.00 price target on shares of DoubleVerify in a research report on Thursday, November 7th. Canaccord Genuity Group lowered their price target on DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday. Truist Financial lowered their price target on DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.37.

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DoubleVerify Price Performance

DV traded down $7.83 during trading on Friday, hitting $13.90. The stock had a trading volume of 14,909,191 shares, compared to its average volume of 1,810,583. The company has a 50 day moving average price of $20.54 and a 200-day moving average price of $19.29. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 37.57, a P/E/G ratio of 2.63 and a beta of 0.99. DoubleVerify Holdings, Inc. has a one year low of $13.42 and a one year high of $35.57.

DoubleVerify announced that its board has authorized a share repurchase plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company's stock.

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.