DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by 272 Capital LP

272 Capital LP trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 65.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,724 shares of the company’s stock after selling 99,476 shares during the period. 272 Capital LP’s holdings in DoubleVerify were worth $888,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DV. Assenagon Asset Management S.A. bought a new position in DoubleVerify during the 2nd quarter worth $73,268,000. Burgundy Asset Management Ltd. bought a new position in shares of DoubleVerify during the second quarter worth about $54,099,000. Mackenzie Financial Corp acquired a new stake in shares of DoubleVerify in the 2nd quarter worth about $53,015,000. Fort Washington Investment Advisors Inc. OH bought a new stake in DoubleVerify in the 2nd quarter valued at about $13,000,000. Finally, Dimensional Fund Advisors LP lifted its position in DoubleVerify by 36.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,422,061 shares of the company’s stock valued at $47,154,000 after purchasing an additional 643,679 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,339,023.18. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 8,820 shares of company stock worth $155,444 in the last three months. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Performance

DoubleVerify stock opened at $20.33 on Friday. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The firm’s 50 day moving average price is $18.13 and its two-hundred day moving average price is $18.76. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 54.95, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

DoubleVerify announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DV shares. Barclays dropped their price target on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company began coverage on DoubleVerify in a research note on Monday, October 28th. They set an “underweight” rating and a $14.00 target price on the stock. Stifel Nicolaus reduced their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Morgan Stanley lowered their price target on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, JMP Securities cut their price objective on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.