Ashford Capital Management Inc. Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Ashford Capital Management Inc. raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 14.2% during the third quarter, HoldingsChannel reports. The firm owned 740,880 shares of the company’s stock after purchasing an additional 92,020 shares during the period. DoubleVerify makes up approximately 1.6% of Ashford Capital Management Inc.’s holdings, making the stock its 28th biggest holding. Ashford Capital Management Inc.’s holdings in DoubleVerify were worth $12,476,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DV. True Wealth Design LLC purchased a new position in shares of DoubleVerify in the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in DoubleVerify during the 3rd quarter valued at $49,000. CWM LLC grew its holdings in DoubleVerify by 212.5% in the 2nd 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. Fifth Third Bancorp increased its position in shares of DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after acquiring an additional 1,742 shares during the period. Finally, KBC Group NV increased its holdings in DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after purchasing an additional 1,325 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada decreased their target price on DoubleVerify from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Truist Financial decreased their price target on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Barclays lifted their price objective on DoubleVerify from $23.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets lowered their price objective on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the completion of the sale, the chief financial officer now owns 81,598 shares of the company’s stock, 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 is accessible through this hyperlink. Insiders sold 8,820 shares of company stock valued at $155,444 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Stock Down 1.6 %

Shares of DV opened at $20.34 on Tuesday. The company has a market capitalization of $3.44 billion, a P/E ratio of 54.97, a price-to-earnings-growth ratio of 3.28 and a beta of 0.97. The firm has a 50 day moving average of $18.55 and a 200 day moving average of $18.82. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00.

DoubleVerify declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is 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.