Ieq Capital LLC Acquires 168,468 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Ieq Capital LLC lifted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 725.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 191,683 shares of the company’s stock after acquiring an additional 168,468 shares during the period. Ieq Capital LLC’s holdings in DoubleVerify were worth $3,682,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Disciplined Growth Investors Inc. MN bought a new position in DoubleVerify during the 3rd quarter valued at about $19,457,000. Repertoire Partners LP lifted its holdings in DoubleVerify by 1,041.7% during the 3rd quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock valued at $11,535,000 after purchasing an additional 625,000 shares during the last quarter. Algert Global LLC lifted its holdings in DoubleVerify by 311.4% during the 3rd 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 during the last quarter. ING Groep NV bought a new position in DoubleVerify during the 3rd quarter valued at about $7,378,000. Finally, ZWJ Investment Counsel Inc. bought a new position in DoubleVerify during the 4th quarter valued at about $6,568,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $21.70 on Friday. The stock has a market cap of $3.67 billion, a P/E ratio of 58.64, a P/E/G ratio of 2.63 and a beta of 0.99. The firm has a 50 day moving average price of $20.50 and a 200 day moving average price of $19.23. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00.

DoubleVerify declared that its Board of Directors has authorized a share buyback plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DV. Wells Fargo & Company began coverage on shares of DoubleVerify in a report on Monday, October 28th. They set an “underweight” rating and a $14.00 price target for the company. Morgan Stanley lowered their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. JMP Securities restated a “market outperform” rating and issued a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Raymond James began coverage on shares of DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of DoubleVerify in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.