GSA Capital Partners LLP Grows Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

GSA Capital Partners LLP boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 280.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 72,309 shares of the company’s stock after acquiring an additional 53,326 shares during the period. GSA Capital Partners LLP’s holdings in DoubleVerify were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DV. Swiss National Bank grew its stake in DoubleVerify by 15.4% in the 1st quarter. Swiss National Bank now owns 286,200 shares of the company’s stock worth $10,063,000 after acquiring an additional 38,200 shares during the period. Sei Investments Co. grew its stake in shares of DoubleVerify by 3.1% during the 1st quarter. Sei Investments Co. now owns 459,850 shares of the company’s stock valued at $16,168,000 after buying an additional 14,000 shares during the period. Russell Investments Group Ltd. grew its stake in shares of DoubleVerify by 22.0% during the 1st quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company’s stock valued at $6,443,000 after buying an additional 33,003 shares during the period. US Bancorp DE grew its stake in shares of DoubleVerify by 186.8% during the 1st quarter. US Bancorp DE now owns 93,381 shares of the company’s stock valued at $3,283,000 after buying an additional 60,824 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of DoubleVerify by 16,577.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 31,187 shares of the company’s stock valued at $1,097,000 after buying an additional 31,000 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Down 1.4 %

Shares of NYSE DV opened at $20.05 on Friday. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 54.19, a P/E/G ratio of 2.43 and a beta of 0.90. The business has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $19.23.

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

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 1,764 shares of the 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 completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 7,056 shares of company stock valued at $119,634. Corporate insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on DV shares. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of DoubleVerify in a research note on Tuesday, September 17th. Macquarie reissued an “outperform” rating and set a $19.00 price objective on shares of DoubleVerify in a research note on Thursday, November 7th. Royal Bank of Canada lowered their price objective on shares of DoubleVerify from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, November 7th. BMO Capital Markets lowered their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Piper Sandler reduced their target price on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Two 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 currently has a consensus 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.