Fort Washington Investment Advisors Inc. OH Acquires 161,170 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Fort Washington Investment Advisors Inc. OH increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,010,596 shares of the company’s stock after acquiring an additional 161,170 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in DoubleVerify were worth $19,414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management purchased a new position in shares of DoubleVerify in the 3rd quarter worth approximately $794,000. Mackenzie Financial Corp bought a new stake in DoubleVerify in the second quarter worth $53,015,000. GSA Capital Partners LLP boosted its stake in DoubleVerify by 280.9% during the third quarter. GSA Capital Partners LLP now owns 72,309 shares of the company’s stock worth $1,218,000 after buying an additional 53,326 shares during the period. Repertoire Partners LP increased its position in 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 acquiring an additional 625,000 shares during the last quarter. Finally, Townsend Asset Management Corp NC ADV raised its stake in shares of DoubleVerify by 259.8% in the third quarter. Townsend Asset Management Corp NC ADV now owns 109,610 shares of the company’s stock valued at $1,846,000 after acquiring an additional 79,145 shares during the period. 97.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DV has been the topic of several analyst reports. Macquarie reiterated an “outperform” rating and set a $19.00 price target on shares of DoubleVerify in a report on Thursday, November 7th. Piper Sandler cut their target price on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Scotiabank initiated coverage on DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price target for the company. Stifel Nicolaus cut their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Raymond James started coverage on DoubleVerify in a research report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and an average price target of $24.11.

DoubleVerify Stock Down 0.2 %

Shares of NYSE:DV opened at $19.90 on Thursday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 53.78, a price-to-earnings-growth ratio of 2.29 and a beta of 0.98. The firm has a 50 day moving average of $19.86 and a 200 day moving average of $19.00. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00.

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

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total value of $42,476.21. Following the transaction, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,761,439.82. The trade was a 2.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

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.