Weiss Asset Management LP purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 103,100 shares of the company's stock, valued at approximately $1,736,000. Weiss Asset Management LP owned 0.06% of DoubleVerify at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. CWM LLC grew its position in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company's stock valued at $54,000 after acquiring an additional 1,900 shares during the last quarter. SG Americas Securities LLC acquired a new position in DoubleVerify during the 2nd quarter worth approximately $558,000. M&G Plc bought a new position in DoubleVerify in the 2nd quarter valued at approximately $9,249,000. Silver Lake Advisory LLC bought a new position in DoubleVerify in the 2nd quarter valued at approximately $202,000. Finally, Assenagon Asset Management S.A. acquired a new stake in DoubleVerify in the second quarter valued at approximately $73,268,000. Institutional investors and hedge funds own 97.29% of the company's stock.
Insider Activity at DoubleVerify
In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $20.30, for a total transaction of $35,809.20. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,656,439.40. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.
Wall Street Analysts Forecast Growth
DV has been the subject of a number of research reports. Barclays increased their price target on DoubleVerify from $23.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday. Scotiabank began coverage on DoubleVerify in a research report on Thursday. They issued a "sector outperform" rating and a $24.00 target price for the company. Truist Financial reduced their price target on DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group dropped their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, October 14th. Finally, Stifel Nicolaus reduced their target price on shares of DoubleVerify from $25.00 to $22.00 and set a "buy" rating on the stock in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.67.
Check Out Our Latest Stock Report on DoubleVerify
DoubleVerify Stock Up 0.5 %
DV traded up $0.11 during trading on Friday, hitting $20.67. The company's stock had a trading volume of 743,094 shares, compared to its average volume of 1,975,047. The firm has a market capitalization of $3.50 billion, a P/E ratio of 55.86, a PEG ratio of 3.34 and a beta of 0.97. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The stock's fifty day moving average price is $18.48 and its 200-day moving average price is $18.81.
DoubleVerify announced that its board has authorized a share buyback program on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.
DoubleVerify Company Profile
(
Free Report)
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.
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