Impax Asset Management Group plc Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Impax Asset Management Group plc bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 34,222 shares of the company’s stock, valued at approximately $657,000.

Other large investors have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new position in shares of DoubleVerify during the third quarter valued at $794,000. GSA Capital Partners LLP increased its holdings in shares of DoubleVerify by 280.9% during the third quarter. GSA Capital Partners LLP now owns 72,309 shares of the company’s stock valued at $1,218,000 after purchasing an additional 53,326 shares during the period. Repertoire Partners LP increased its holdings in shares of DoubleVerify by 1,041.7% during the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock valued at $11,535,000 after purchasing an additional 625,000 shares during the period. Geode Capital Management LLC increased its holdings in shares of DoubleVerify by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after purchasing an additional 10,696 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in shares of DoubleVerify by 2.8% during 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 period. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DV shares. Truist Financial lowered 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. JPMorgan Chase & Co. lowered their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Scotiabank began coverage on DoubleVerify in a report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price on the stock. Finally, Raymond James began coverage on DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

DoubleVerify Stock Down 1.0 %

NYSE:DV opened at $22.10 on Wednesday. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99. The stock has a fifty day simple moving average of $20.59 and a 200 day simple moving average of $19.29.

DoubleVerify announced that its Board of Directors has approved a share buyback 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 stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

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.