15,100 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc acquired a new position in DoubleVerify Holdings, Inc. (NYSE:DV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,100 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DV. Assenagon Asset Management S.A. increased its stake in DoubleVerify by 9.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock worth $69,440,000 after purchasing an additional 360,445 shares in the last quarter. Geneva Capital Management LLC increased its position in shares of DoubleVerify by 2.8% in the third quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company’s stock worth $43,017,000 after acquiring an additional 69,780 shares in the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 10,696 shares during the period. Principal Financial Group Inc. boosted its stake 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 purchasing an additional 94,095 shares during the period. Finally, Brown Capital Management LLC grew its position in DoubleVerify by 0.5% during the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company’s stock worth $29,683,000 after purchasing an additional 7,975 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $20.30, for a total transaction of $35,809.20. Following the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,656,439.40. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

DoubleVerify Trading Up 0.8 %

Shares of DV stock opened at $21.65 on Wednesday. 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 $20.01 and its 200 day simple moving average is $19.04. The firm has a market capitalization of $3.66 billion, a P/E ratio of 58.50, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99.

DoubleVerify announced that its board has authorized a share buyback program on Wednesday, November 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DV. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 target price on shares of DoubleVerify in a research report on Wednesday, December 11th. Piper Sandler lowered 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 reduced their price target on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Raymond James initiated coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $24.00.

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.