Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 79,888 DoubleVerify Holdings, Inc. (NYSE:DV)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 79,888 shares of the company’s stock, valued at approximately $1,345,000.

A number of other large investors also recently modified their holdings of DV. CWM LLC raised its position in shares of DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after acquiring an additional 1,900 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in DoubleVerify during the 3rd quarter valued at approximately $49,000. Fifth Third Bancorp raised its holdings in DoubleVerify by 72.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares during the last quarter. KBC Group NV lifted its position in shares of DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after purchasing an additional 1,325 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of DoubleVerify by 37.6% during the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after buying an additional 1,806 shares during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Stock Performance

Shares of DV opened at $20.33 on Monday. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The business has a 50-day moving average of $18.13 and a 200 day moving average of $18.76. The firm has a market cap of $3.44 billion, a P/E ratio of 54.95, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

DoubleVerify declared that its board has approved a share repurchase plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $16.92, for a total transaction of $29,846.88. Following the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 8,820 shares of company stock worth $155,444. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DV shares. Truist Financial dropped their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Piper Sandler lowered their target price on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. 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 on the stock. JPMorgan Chase & Co. reduced their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, Stifel Nicolaus dropped their target price on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.47.

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.