Intech Investment Management LLC Buys 92,900 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Intech Investment Management LLC increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 127.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,509 shares of the company’s stock after acquiring an additional 92,900 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of DoubleVerify worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of DoubleVerify by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after purchasing an additional 216,370 shares during the period. Lazard Asset Management LLC boosted its position in DoubleVerify by 9,669.6% during the 1st 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 period. Price T Rowe Associates Inc. MD grew 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 worth $52,981,000 after acquiring an additional 14,224 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new position in shares of DoubleVerify in the first quarter valued at about $837,000. Finally, Kennedy Capital Management LLC bought a new position in shares of DoubleVerify during the first quarter valued at about $4,835,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated 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 directly owns 81,598 shares in the company, valued at approximately $1,656,439.40. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DV. Piper Sandler cut their target price on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets cut their price objective on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barclays decreased their target price on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Macquarie reiterated an “outperform” rating and issued a $19.00 price target on shares of DoubleVerify in a report on Thursday, November 7th. Finally, Morgan Stanley reduced their price objective on shares of DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.47.

DoubleVerify Stock Up 0.4 %

Shares of DV opened at $20.07 on Friday. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The stock has a market cap of $3.40 billion, a P/E ratio of 54.24, a P/E/G ratio of 3.17 and a beta of 0.90. The business’s 50 day moving average price is $17.81 and its 200-day moving average price is $18.71.

DoubleVerify announced that its Board of Directors has authorized a stock buyback plan on Wednesday, November 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are 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.