Amalgamated Bank Has $767,000 Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Amalgamated Bank decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 3.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,548 shares of the company’s stock after selling 1,462 shares during the period. Amalgamated Bank’s holdings in DoubleVerify were worth $767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new position in DoubleVerify in the 3rd quarter worth $1,323,000. Harvey Capital Management Inc. bought a new position in shares of DoubleVerify in the third quarter worth about $462,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of DoubleVerify during the third quarter worth approximately $472,000. Values First Advisors Inc. grew its holdings in DoubleVerify by 17.3% during the third quarter. Values First Advisors Inc. now owns 13,806 shares of the company’s stock valued at $232,000 after purchasing an additional 2,035 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in DoubleVerify by 9.6% during the third quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock valued at $69,440,000 after purchasing an additional 360,445 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 4.6 %

Shares of DoubleVerify stock opened at $19.13 on Friday. The stock’s fifty day moving average is $17.62 and its two-hundred day moving average is $19.16. The company has a market capitalization of $3.24 billion, a PE ratio of 51.70, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00.

DoubleVerify announced that its Board of Directors has initiated a share buyback program on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on DV. BMO Capital Markets reduced their target price on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus reduced their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Macquarie restated an “outperform” rating and issued a $19.00 price target on shares of DoubleVerify in a research note on Thursday, November 7th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a report on Tuesday, September 17th. Finally, Royal Bank of Canada lowered their price target on shares of DoubleVerify from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.47.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,380,638.16. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 7,056 shares of company stock worth $119,634 in the last three months. 3.00% of the stock is owned by insiders.

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.