Aigen Investment Management LP Decreases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Aigen Investment Management LP lowered its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,501 shares of the company’s stock after selling 20,077 shares during the period. Aigen Investment Management LP’s holdings in DoubleVerify were worth $1,009,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Geneva Capital Management LLC increased its stake in shares of DoubleVerify by 2.8% during the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company’s stock worth $43,017,000 after purchasing an additional 69,780 shares during the last quarter. Geode Capital Management LLC boosted its holdings in DoubleVerify by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock worth $38,729,000 after buying an additional 10,696 shares during the period. Principal Financial Group Inc. boosted its holdings in DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock worth $34,264,000 after buying an additional 94,095 shares during the period. Brown Capital Management LLC boosted its holdings in DoubleVerify by 0.5% in the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company’s stock worth $29,683,000 after buying an additional 7,975 shares during the period. Finally, Disciplined Growth Investors Inc. MN bought a new position in DoubleVerify in the 3rd quarter worth approximately $19,457,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price objective for the stock from $24.00 to $16.00 in a report on Tuesday. Macquarie reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of DoubleVerify in a report on Thursday, November 7th. Barclays cut their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, February 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Performance

NYSE DV opened at $14.79 on Thursday. DoubleVerify Holdings, Inc. has a 52-week low of $13.42 and a 52-week high of $35.57. The company has a market capitalization of $2.45 billion, a P/E ratio of 39.96, a P/E/G ratio of 2.63 and a beta of 1.06. The company has a fifty day moving average of $20.24 and a 200-day moving average of $19.21.

DoubleVerify declared that its Board of Directors has approved a share repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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.