DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 163.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,974 shares of the company’s stock after purchasing an additional 16,731 shares during the quarter. Bridges Investment Management Inc.’s holdings in DoubleVerify were worth $518,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by company insiders.

DoubleVerify Trading Down 36.0 %

DV stock opened at $13.90 on Monday. The stock has a 50-day moving average price of $20.54 and a two-hundred day moving average price of $19.30. DoubleVerify Holdings, Inc. has a 12-month low of $13.42 and a 12-month high of $35.57. The company has a market cap of $2.35 billion, a PE ratio of 37.57, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

DV has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of DoubleVerify in a report on Wednesday, December 11th. Stifel Nicolaus set a $20.00 price target on DoubleVerify in a report on Friday. Morgan Stanley cut their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group reissued a “neutral” rating and issued a $20.00 price target (down from $24.00) on shares of DoubleVerify in a report on Friday. Finally, Truist Financial cut their price target on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.37.

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.