DoubleVerify Holdings, Inc. (NYSE:DV) Stock Position Raised by Ieq Capital LLC

Ieq Capital LLC lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 725.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 191,683 shares of the company’s stock after acquiring an additional 168,468 shares during the quarter. Ieq Capital LLC owned approximately 0.11% of DoubleVerify worth $3,682,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DV. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of DoubleVerify in the 3rd quarter valued at approximately $472,000. Harvey Capital Management Inc. purchased a new stake in DoubleVerify in the 3rd quarter worth approximately $462,000. Robeco Institutional Asset Management B.V. purchased a new stake in DoubleVerify in the 3rd quarter worth approximately $1,323,000. M&G PLC lifted its position in DoubleVerify by 3.0% in the 3rd quarter. M&G PLC now owns 501,171 shares of the company’s stock worth $8,520,000 after buying an additional 14,392 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock worth $34,264,000 after buying an additional 94,095 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 2.9 %

NYSE:DV opened at $21.70 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The firm’s fifty day simple moving average is $20.50 and its 200 day simple moving average is $19.23. The firm has a market capitalization of $3.67 billion, a PE ratio of 58.64, a PEG ratio of 2.63 and a beta of 0.99.

DoubleVerify announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DV has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada increased their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. Truist Financial cut their target price on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Barclays cut their target price on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.