Intech Investment Management LLC Acquires 92,900 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Intech Investment Management LLC raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 127.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 165,509 shares of the company's stock after purchasing an additional 92,900 shares during the period. Intech Investment Management LLC owned 0.10% of DoubleVerify worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DV. Capital Performance Advisors LLP purchased a new position in shares of DoubleVerify in the third quarter valued at $49,000. CWM LLC increased its position in shares of DoubleVerify by 212.5% during the second 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. Fifth Third Bancorp grew its stake in DoubleVerify by 72.3% during the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock valued at $81,000 after acquiring an additional 1,742 shares in the last quarter. KBC Group NV increased its holdings in 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 acquiring an additional 1,325 shares during the period. Finally, Covestor Ltd lifted its stake in DoubleVerify by 22.8% in 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 in the last quarter. 97.29% of the stock is currently owned by institutional investors.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $16.92, for a total value of $29,846.88. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,380,638.16. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 8,820 shares of company stock worth $155,444 in the last quarter. Company insiders own 3.00% of the company's stock.

DoubleVerify Stock Performance

Shares of NYSE:DV traded up $0.07 during midday trading on Friday, reaching $20.07. 1,106,284 shares of the company's stock traded hands, compared to its average volume of 2,548,187. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00. The stock has a 50 day moving average of $17.81 and a 200 day moving average of $18.71. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 54.24, a P/E/G ratio of 3.17 and a beta of 0.90.

DoubleVerify declared 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 stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on DV. Morgan Stanley lowered their target price on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. The Goldman Sachs Group lowered their price target on DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada cut their price objective on DoubleVerify from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, November 7th. JMP Securities decreased their price objective on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating on the stock in a report on Thursday, November 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify has an average rating of "Moderate Buy" and an average target price of $24.47.

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.