DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais Sells 1,764 Shares

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $20.30, for a total transaction of $35,809.20. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at $1,656,439.40. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

DoubleVerify Stock Up 0.4 %

Shares of DV stock traded up $0.07 on Monday, reaching $19.21. The stock had a trading volume of 1,763,020 shares, compared to its average volume of 2,381,838. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 3.03 and a beta of 0.90. The firm’s 50-day moving average is $17.62 and its two-hundred day moving average is $19.01.

DoubleVerify declared that its Board of Directors has approved a share buyback plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC acquired a new position in DoubleVerify in the 3rd quarter valued at about $29,000. CWM LLC grew its stake in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after buying an additional 1,900 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in DoubleVerify in the 3rd quarter valued at about $49,000. Fifth Third Bancorp grew its stake in DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after buying an additional 1,742 shares during the last quarter. Finally, KBC Group NV grew its position in shares of DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after purchasing an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Piper Sandler cut their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Morgan Stanley cut their price objective on shares of DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Barclays cut their price objective on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, The Goldman Sachs Group cut their price target on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and an average target price 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.