DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 35.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,022 shares of the company’s stock after purchasing an additional 1,325 shares during the period. KBC Group NV’s holdings in DoubleVerify were worth $85,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DV. Vanguard Group Inc. grew its holdings in DoubleVerify by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock worth $552,974,000 after acquiring an additional 216,370 shares in the last quarter. NWI Management LP acquired a new position in shares of DoubleVerify during the first quarter worth $1,758,000. Mackenzie Financial Corp purchased a new position in DoubleVerify in the second quarter valued at $53,015,000. Kennedy Capital Management LLC acquired a new stake in DoubleVerify in the first quarter valued at $4,835,000. Finally, GSA Capital Partners LLP lifted its holdings in DoubleVerify by 280.9% during the 3rd 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 last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Trading Up 0.4 %

DoubleVerify stock opened at $20.07 on Friday. The stock has a 50 day moving average of $17.81 and a two-hundred day moving average of $18.79. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 3.05 and a beta of 0.90.

DoubleVerify announced that its board has approved a stock repurchase plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at $1,380,638.16. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 8,820 shares of company stock valued at $155,444 over the last three months. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DV. Barclays dropped their price objective on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of DoubleVerify in a research note on Tuesday, September 17th. JMP Securities cut their price objective on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Truist Financial lowered their target price 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, BMO Capital Markets dropped their target price on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.47.

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.