Robeco Institutional Asset Management B.V. Reduces Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Robeco Institutional Asset Management B.V. decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 37.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,113 shares of the company's stock after selling 29,445 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in DoubleVerify were worth $943,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new position in DoubleVerify in the third quarter worth about $29,000. GAMMA Investing LLC grew its position in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after acquiring an additional 863 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in DoubleVerify in the third quarter worth about $49,000. KBC Group NV boosted its position in shares of 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 buying an additional 1,325 shares during the period. Finally, Covestor Ltd boosted its position in shares of DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company's stock valued at $112,000 after buying an additional 1,235 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company'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 sale, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at approximately $1,656,439.40. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 6,055 shares of company stock valued at $126,260 over the last ninety days. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Down 0.3 %

Shares of DV traded down $0.06 during trading hours on Friday, reaching $21.67. 769,505 shares of the company traded hands, compared to its average volume of 1,233,496. The stock has a market capitalization of $3.67 billion, a P/E ratio of 58.57, a P/E/G ratio of 2.56 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The business has a fifty day moving average price of $20.10 and a 200-day moving average price of $19.08.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DV shares. Raymond James started coverage on DoubleVerify in a research report on Wednesday, December 18th. They set an "outperform" rating and a $25.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price target on shares of DoubleVerify in a research note on Wednesday, December 11th. Stifel Nicolaus decreased their price target on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Royal Bank of Canada lifted their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Scotiabank started coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify currently has an average rating of "Moderate Buy" and an average price target of $24.00.

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.