ING Groep NV Cuts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

ING Groep NV reduced its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 379,100 shares of the company’s stock after selling 59,000 shares during the period. ING Groep NV owned about 0.22% of DoubleVerify worth $7,283,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB increased its position in shares of DoubleVerify by 24.9% in the 4th quarter. Handelsbanken Fonder AB now owns 31,600 shares of the company’s stock valued at $607,000 after purchasing an additional 6,300 shares during the last quarter. Ieq Capital LLC increased its position in shares of DoubleVerify by 725.7% in the 4th quarter. Ieq Capital LLC now owns 191,683 shares of the company’s stock valued at $3,682,000 after purchasing an additional 168,468 shares during the last quarter. Alberta Investment Management Corp acquired a new position in shares of DoubleVerify in the 4th quarter valued at $5,844,000. New York State Common Retirement Fund boosted its holdings in shares of DoubleVerify by 14.8% in the 4th quarter. New York State Common Retirement Fund now owns 506,427 shares of the company’s stock valued at $9,728,000 after buying an additional 65,270 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of DoubleVerify by 7.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 108,878 shares of the company’s stock valued at $2,092,000 after buying an additional 7,208 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Truist Financial lowered their target price on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price for the company. Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley lowered their target price on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

DoubleVerify Stock Down 2.9 %

Shares of DV opened at $21.70 on Friday. The company has a 50-day simple moving average of $20.50 and a 200-day simple moving average of $19.23. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00. The company has a market capitalization of $3.67 billion, a PE ratio of 58.64, a P/E/G ratio of 2.65 and a beta of 0.99.

DoubleVerify announced that its board has initiated a stock buyback program on Wednesday, November 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.