126,342 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 126,342 shares of the company’s stock, valued at approximately $2,128,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC boosted its holdings in shares of DoubleVerify by 209,440.0% in the 3rd quarter. Quest Partners LLC now owns 31,431 shares of the company’s stock valued at $529,000 after buying an additional 31,416 shares during the last quarter. Cornercap Investment Counsel Inc. bought a new stake in DoubleVerify in the third quarter valued at approximately $222,000. ING Groep NV bought a new stake in DoubleVerify in the third quarter valued at approximately $7,378,000. KBC Group NV lifted its position in shares of 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 buying an additional 1,325 shares during the last quarter. Finally, Geneva Capital Management LLC increased its holdings in shares of DoubleVerify by 2.8% during the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company’s stock worth $43,017,000 after acquiring an additional 69,780 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Up 2.8 %

DV stock opened at $20.63 on Tuesday. The company’s 50-day moving average price is $17.88 and its two-hundred day moving average price is $18.72. The firm has a market cap of $3.49 billion, a P/E ratio of 55.76, a P/E/G ratio of 3.18 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00.

DoubleVerify declared that its Board of Directors has approved a share buyback 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 often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $16.92, for a total value of $29,846.88. Following the transaction, the chief financial officer now owns 81,598 shares in the company, valued at $1,380,638.16. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 8,820 shares of company stock worth $155,444. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. JMP Securities lowered their price target on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Morgan Stanley reduced their price objective on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus target price 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.