114,061 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 114,061 shares of the company’s stock, valued at approximately $1,921,000. Qsemble Capital Management LP owned 0.07% of DoubleVerify as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. United Services Automobile Association increased its position in DoubleVerify by 7.4% during the second quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock worth $210,000 after acquiring an additional 746 shares during the period. Arizona State Retirement System raised its position in shares of DoubleVerify by 2.3% in the second quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock valued at $793,000 after buying an additional 927 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in DoubleVerify by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock valued at $663,000 after acquiring an additional 1,218 shares in the last quarter. Covestor Ltd grew its holdings in shares of DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares in the last quarter. Finally, KBC Group NV raised its stake in DoubleVerify by 35.8% in the third 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 in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total value of $35,809.20. Following the transaction, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,656,439.40. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 8,820 shares of company stock worth $155,444 over the last quarter. Company insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

DoubleVerify stock opened at $20.63 on Tuesday. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00. The firm has a 50 day moving average price of $17.88 and a two-hundred day moving average price of $18.72. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 55.76, a PEG ratio of 3.18 and a beta of 0.90.

DoubleVerify announced that its board has approved a share repurchase program on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DV. JMP Securities dropped their target price on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets reduced their target price on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial lowered their price target on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Stifel Nicolaus reduced their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus price target of $24.47.

DoubleVerify 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.