ING Groep NV Invests $7.38 Million in DoubleVerify Holdings, Inc. (NYSE:DV)

ING Groep NV purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 438,100 shares of the company's stock, valued at approximately $7,378,000. ING Groep NV owned 0.26% of DoubleVerify at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in DoubleVerify by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company's stock worth $552,974,000 after buying an additional 216,370 shares in the last quarter. Swiss National Bank increased its position in DoubleVerify by 15.4% during the 1st quarter. Swiss National Bank now owns 286,200 shares of the company's stock worth $10,063,000 after purchasing an additional 38,200 shares in the last quarter. Russell Investments Group Ltd. raised its stake in DoubleVerify by 22.0% in the 1st quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company's stock valued at $6,443,000 after purchasing an additional 33,003 shares during the last quarter. NWI Management LP acquired a new position in DoubleVerify in the 1st quarter valued at about $1,758,000. Finally, UniSuper Management Pty Ltd purchased a new position in DoubleVerify in the 1st quarter valued at about $937,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DV. BMO Capital Markets lowered their price objective on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Macquarie reaffirmed an "outperform" rating and set a $19.00 price objective on shares of DoubleVerify in a research note on Thursday, November 7th. Truist Financial cut their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. Finally, Morgan Stanley lowered their price objective on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.47.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $16.41, for a total value of $28,947.24. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at $1,339,023.18. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 7,056 shares of company stock valued at $119,634. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify Price Performance

NYSE:DV traded down $0.91 during midday trading on Friday, reaching $19.14. 1,858,095 shares of the company traded hands, compared to its average volume of 2,384,626. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 51.70, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90. The company has a fifty day moving average price of $17.62 and a 200 day moving average price of $19.16.

DoubleVerify announced that its board has approved a share repurchase plan on Wednesday, November 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.