DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by ING Groep NV

ING Groep NV cut its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 379,100 shares of the company’s stock after selling 59,000 shares during the period. ING Groep NV’s holdings in DoubleVerify were worth $7,283,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new stake in shares of DoubleVerify during the third quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after purchasing an additional 863 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of DoubleVerify during the third quarter valued at approximately $49,000. KBC Group NV increased its stake in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after buying an additional 1,325 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of DoubleVerify in the fourth quarter worth $113,000. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

DoubleVerify stock 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. The firm has a market capitalization of $3.67 billion, a P/E ratio of 58.64, a P/E/G ratio of 2.65 and a beta of 0.99. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00.

DoubleVerify announced that its board has approved a share repurchase plan on Wednesday, November 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits 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 management believes its shares are undervalued.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,071 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total transaction of $42,476.21. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,761,439.82. This trade represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of DoubleVerify in a research note on Wednesday, December 11th. Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Barclays dropped their price target on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Royal Bank of Canada lifted their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Macquarie restated an “outperform” rating and issued a $19.00 price target on shares of DoubleVerify in a research note on Thursday, November 7th. Two equities 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.com, the company has an average rating of “Moderate Buy” and an average price target of $24.00.

DoubleVerify Company 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.