DoubleVerify Holdings, Inc. (NYSE:DV) Shares Acquired by Geneva Capital Management LLC

Geneva Capital Management LLC raised its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,574,161 shares of the company’s stock after buying an additional 19,684 shares during the quarter. Geneva Capital Management LLC owned about 1.52% of DoubleVerify worth $49,450,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of DoubleVerify during the third quarter valued at about $29,000. Smartleaf Asset Management LLC raised its holdings in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 863 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in DoubleVerify during the third quarter worth approximately $49,000. Finally, KBC Group NV lifted its position 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. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,071 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total transaction of $42,476.21. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at $1,761,439.82. This represents a 2.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group cut their target price on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Loop Capital cut shares of DoubleVerify from a “buy” rating to a “hold” rating and reduced their target price for the company from $24.00 to $16.00 in a research note on Tuesday. Raymond James initiated coverage on shares of DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. 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 report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

DoubleVerify Stock Performance

DV stock opened at $14.79 on Thursday. The firm has a fifty day moving average price of $20.24 and a 200 day moving average price of $19.21. The firm has a market cap of $2.45 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a fifty-two week low of $13.42 and a fifty-two week high of $35.57.

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