Townsend Asset Management Corp NC ADV Purchases 56,248 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Townsend Asset Management Corp NC ADV raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 51.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,858 shares of the company’s stock after acquiring an additional 56,248 shares during the quarter. DoubleVerify comprises 1.2% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 27th biggest holding. Townsend Asset Management Corp NC ADV owned about 0.10% of DoubleVerify worth $3,186,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DV. Disciplined Growth Investors Inc. MN bought a new stake in DoubleVerify during the third quarter valued at $19,457,000. Repertoire Partners LP raised its holdings in shares of DoubleVerify by 1,041.7% during the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock valued at $11,535,000 after purchasing an additional 625,000 shares during the period. Algert Global LLC raised its holdings in shares of DoubleVerify by 311.4% during the third quarter. Algert Global LLC now owns 615,275 shares of the company’s stock valued at $10,361,000 after purchasing an additional 465,729 shares during the period. ING Groep NV acquired a new position in shares of DoubleVerify during the third quarter valued at about $7,378,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of DoubleVerify during the fourth quarter valued at about $6,568,000. Institutional investors own 97.29% of the company’s stock.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DV. JPMorgan Chase & Co. dropped their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their price objective for the company from $24.00 to $16.00 in a report on Tuesday. Barclays dropped their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Raymond James began coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 target price on the stock. Finally, JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

DoubleVerify Stock Performance

NYSE:DV opened at $14.79 on Thursday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 52 week low of $13.42 and a 52 week high of $35.57. The firm has a 50-day moving average price of $20.24 and a two-hundred day moving average price of $19.21.

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

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.