153,268 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 153,268 shares of the company’s stock, valued at approximately $2,581,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DV. Lazard Asset Management LLC raised its position in shares of DoubleVerify by 9,669.6% in the first quarter. Lazard Asset Management LLC now owns 234,862 shares of the company’s stock valued at $8,257,000 after buying an additional 232,458 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in DoubleVerify by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,506,834 shares of the company’s stock valued at $52,981,000 after acquiring an additional 14,224 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in DoubleVerify in the 1st quarter worth approximately $837,000. Kennedy Capital Management LLC acquired a new position in shares of DoubleVerify during the 1st quarter worth approximately $4,835,000. Finally, Janus Henderson Group PLC grew its position in shares of DoubleVerify by 550.3% in the first quarter. Janus Henderson Group PLC now owns 396,111 shares of the company’s stock valued at $13,928,000 after purchasing an additional 335,197 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.4 %

DV stock opened at $20.07 on Monday. The business’s fifty day moving average price is $17.81 and its 200 day moving average price is $18.71. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The company has a market capitalization of $3.40 billion, a PE ratio of 54.24, a P/E/G ratio of 3.18 and a beta of 0.90.

DoubleVerify announced that its board has initiated a share buyback program on Wednesday, November 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase 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.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction 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 over the last three months. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

DV has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Truist Financial lowered their price target on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Royal Bank of Canada reduced their target price on shares of DoubleVerify from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company initiated coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price on the stock. Finally, BMO Capital Markets cut their price target on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.47.

DoubleVerify Company 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.