DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Olympiad Research LP

Olympiad Research LP increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,292 shares of the company’s stock after purchasing an additional 2,971 shares during the quarter. Olympiad Research LP’s holdings in DoubleVerify were worth $447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of DoubleVerify during the third quarter worth about $29,000. GAMMA Investing LLC raised its position in 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 acquiring an additional 863 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in DoubleVerify during the third quarter valued at approximately $49,000. KBC Group NV raised its position in DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Covestor Ltd raised its position in DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after acquiring an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DV shares. Morgan Stanley reduced their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Scotiabank started coverage on DoubleVerify in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price target for the company. Canaccord Genuity Group reduced their price target on DoubleVerify from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Barclays reduced their price target on 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 given a buy rating to the company. According to MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $24.00.

DoubleVerify Stock Performance

Shares of DV opened at $21.70 on Friday. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 2.63 and a beta of 0.99. The stock has a 50 day moving average price of $20.50 and a 200 day moving average price of $19.23.

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

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

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.