Fort Washington Investment Advisors Inc. OH Increases Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Fort Washington Investment Advisors Inc. OH grew its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DVFree Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,010,596 shares of the company’s stock after purchasing an additional 161,170 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.60% of DoubleVerify worth $19,414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Neo Ivy Capital Management purchased a new stake in DoubleVerify during the 3rd quarter valued at $794,000. Mackenzie Financial Corp bought a new position in shares of DoubleVerify during the second quarter valued at about $53,015,000. GSA Capital Partners LLP boosted 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 worth $1,218,000 after purchasing an additional 53,326 shares during the period. Repertoire Partners LP grew its stake in shares of DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock worth $11,535,000 after purchasing an additional 625,000 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV increased its holdings in DoubleVerify by 259.8% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 109,610 shares of the company’s stock valued at $1,846,000 after purchasing an additional 79,145 shares during the period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of DV stock opened at $19.90 on Thursday. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00. The company’s fifty day moving average price is $19.86 and its 200-day moving average price is $19.00. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 2.29 and a beta of 0.98.

DoubleVerify declared that its board has authorized a stock buyback plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler dropped their price objective on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company started coverage on DoubleVerify in a research report on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price for the company. The Goldman Sachs Group dropped their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. BMO Capital Markets dropped their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.11.

Read Our Latest Report on DV

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total value of $42,476.21. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,761,439.82. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.00% of the company’s stock.

About DoubleVerify

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for DoubleVerify (NYSE:DV)

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