DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by XTX Topco Ltd

XTX Topco Ltd lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 193.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,668 shares of the company's stock after buying an additional 72,943 shares during the period. XTX Topco Ltd owned about 0.07% of DoubleVerify worth $1,864,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of DoubleVerify by 9.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company's stock valued at $69,440,000 after acquiring an additional 360,445 shares during the period. Van Berkom & Associates Inc. increased its stake in DoubleVerify by 25.9% in the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company's stock valued at $59,310,000 after purchasing an additional 626,586 shares in the last quarter. Burgundy Asset Management Ltd. acquired a new position in DoubleVerify during the second quarter worth $54,099,000. Mackenzie Financial Corp purchased a new stake in DoubleVerify during the second quarter worth $53,015,000. Finally, Geneva Capital Management LLC grew its holdings in DoubleVerify by 2.8% in the third quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock valued at $43,017,000 after purchasing an additional 69,780 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Up 0.5 %

Shares of DV stock traded up $0.11 on Friday, reaching $20.67. 743,094 shares of the stock were exchanged, compared to its average volume of 1,975,047. The stock has a market cap of $3.50 billion, a P/E ratio of 55.86, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97. The firm has a 50 day moving average of $18.48 and a two-hundred day moving average of $18.81. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify announced that its Board of Directors has authorized a stock repurchase plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Friday, October 4th. The shares were 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 of the company's stock, valued at $1,380,638.16. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 8,820 shares of company stock valued at $155,444. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DV. Canaccord Genuity Group cut their price target on DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price target on shares of DoubleVerify in a report on Tuesday, September 17th. Morgan Stanley dropped 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. Finally, Wells Fargo & Company began coverage on DoubleVerify in a research note on Monday, October 28th. They issued an "underweight" rating and a $14.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify currently has an average rating of "Moderate Buy" and a consensus price target of $24.67.

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.