Impact Investors Inc Invests $843,000 in DoubleVerify Holdings, Inc. (NYSE:DV)

Impact Investors Inc purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 43,900 shares of the company’s stock, valued at approximately $843,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Disciplined Growth Investors Inc. MN acquired a new stake in DoubleVerify in the third quarter worth $19,457,000. Repertoire Partners LP grew its stake in DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock valued at $11,535,000 after acquiring an additional 625,000 shares during the period. Algert Global LLC lifted its holdings in shares of 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 in the last quarter. ING Groep NV acquired a new position in shares of DoubleVerify in the 3rd quarter valued at approximately $7,378,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in DoubleVerify during the 4th quarter worth approximately $6,568,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 1.0 %

Shares of DoubleVerify stock opened at $22.10 on Wednesday. The company has a 50-day simple moving average of $20.59 and a two-hundred day simple moving average of $19.29. 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 $3.74 billion, a price-to-earnings ratio of 59.72, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99.

DoubleVerify declared that its board has approved 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 buy up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Macquarie reiterated an “outperform” rating and set a $19.00 target price on shares of DoubleVerify in a report on Thursday, November 7th. Raymond James initiated coverage on DoubleVerify in a research report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. Morgan Stanley reduced their target price on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Barclays reduced their price objective on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

About DoubleVerify

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.