272 Capital LP Sells 11,161 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

272 Capital LP decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 7.3% in the third quarter, Holdings Channel.com reports. The firm owned 141,039 shares of the company’s stock after selling 11,161 shares during the quarter. 272 Capital LP’s holdings in DoubleVerify were worth $2,375,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of DoubleVerify in the third quarter worth $29,000. CWM LLC grew its stake in shares of DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after acquiring an additional 1,900 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of DoubleVerify in the third quarter worth $49,000. Fifth Third Bancorp grew its stake in shares of DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after acquiring an additional 1,742 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after acquiring an additional 1,325 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DV shares. Barclays increased their target price on DoubleVerify from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Stifel Nicolaus dropped their price objective on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley dropped their price objective on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. JMP Securities dropped their price objective on DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Finally, BMO Capital Markets dropped their price objective on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.06.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on 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 owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 8,820 shares of company stock valued at $155,444 over the last quarter. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Down 3.2 %

NYSE DV opened at $20.10 on Friday. The stock’s 50-day moving average price is $18.77 and its 200-day moving average price is $18.86. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The company has a market capitalization of $3.40 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97.

DoubleVerify announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 6th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.