DoubleVerify Holdings, Inc. (NYSE:DV) Position Raised by Repertoire Partners LP

Repertoire Partners LP grew its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 1,041.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 685,000 shares of the company's stock after buying an additional 625,000 shares during the period. DoubleVerify accounts for approximately 13.0% of Repertoire Partners LP's holdings, making the stock its 2nd biggest position. Repertoire Partners LP owned 0.40% of DoubleVerify worth $11,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in DoubleVerify during the 3rd quarter valued at $29,000. Capital Performance Advisors LLP purchased a new position in DoubleVerify in the 3rd quarter worth about $49,000. CWM LLC grew its stake in shares of DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company's stock worth $54,000 after acquiring an additional 1,900 shares during the period. Fifth Third Bancorp raised its holdings in shares of 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 purchasing an additional 1,742 shares during the last quarter. Finally, KBC Group NV lifted its position in DoubleVerify by 35.8% during the third 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 period. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Trading Down 2.4 %

Shares of DoubleVerify stock traded down $0.50 on Thursday, hitting $20.56. 1,099,465 shares of the company traded hands, compared to its average volume of 2,328,642. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The stock's 50 day moving average price is $18.34 and its 200-day moving average price is $18.79. The company has a market cap of $3.48 billion, a PE ratio of 55.57, a PEG ratio of 3.25 and a beta of 0.97.

DoubleVerify declared that its board has initiated a share repurchase program on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 8,820 shares of company stock worth $155,444 in the last 90 days. 3.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley cut their target price on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, November 7th. Needham & Company LLC reissued a "buy" rating and issued a $33.00 target price on shares of DoubleVerify in a research report on Tuesday, September 17th. Barclays reduced their price target on shares of DoubleVerify from $27.00 to $23.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Piper Sandler dropped their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Finally, Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.44.

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.