Robeco Institutional Asset Management B.V. Decreases Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Robeco Institutional Asset Management B.V. decreased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,113 shares of the company’s stock after selling 29,445 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DoubleVerify were worth $943,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Disciplined Growth Investors Inc. MN acquired a new stake in DoubleVerify in the third quarter valued at $19,457,000. Repertoire Partners LP raised 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 worth $11,535,000 after acquiring an additional 625,000 shares during the last quarter. Algert Global LLC lifted 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 valued at $10,361,000 after purchasing an additional 465,729 shares in the last quarter. ING Groep NV acquired a new stake in shares of DoubleVerify in the third quarter valued at approximately $7,378,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of DoubleVerify by 9.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock worth $69,440,000 after purchasing an additional 360,445 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Trading Up 0.8 %

DV stock opened at $21.65 on Wednesday. The firm has a market cap of $3.66 billion, a P/E ratio of 58.50, a P/E/G ratio of 2.43 and a beta of 0.99. The stock’s 50 day simple moving average is $20.01 and its 200 day simple moving average is $19.04. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00.

DoubleVerify declared that its Board of Directors has initiated a share repurchase program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

DV has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada boosted their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Raymond James initiated coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. BMO Capital Markets decreased 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. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were 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. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.