Impax Asset Management Group plc Buys Shares of 34,222 DoubleVerify Holdings, Inc. (NYSE:DV)

Impax Asset Management Group plc bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 34,222 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DV. True Wealth Design LLC acquired a new position in shares of DoubleVerify during the 3rd quarter valued at about $29,000. GAMMA Investing LLC increased its stake in shares of DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after acquiring an additional 863 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of DoubleVerify during the 3rd quarter valued at about $49,000. KBC Group NV increased its stake in shares of DoubleVerify by 35.8% during the 3rd 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 during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of DoubleVerify during the 4th quarter valued at about $113,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DV has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley dropped their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Truist Financial dropped their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a research report on Wednesday, December 11th. Finally, JMP Securities reissued a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

DoubleVerify Stock Down 1.0 %

NYSE DV opened at $22.10 on Wednesday. The stock has a market cap of $3.74 billion, a PE ratio of 59.72, a P/E/G ratio of 2.63 and a beta of 0.99. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The business has a 50 day moving average price of $20.59 and a two-hundred day moving average price of $19.29.

DoubleVerify declared that its board has approved a stock buyback plan on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

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.