DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,764 shares of the company’s stock after selling 1,037 shares during the quarter. Victory Capital Management Inc.’s holdings in DoubleVerify were worth $468,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its holdings in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in DoubleVerify in the 3rd quarter worth about $49,000. Fifth Third Bancorp boosted its holdings in DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after buying an additional 1,742 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in DoubleVerify by 37.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after purchasing an additional 1,806 shares in the last quarter. Finally, Covestor Ltd lifted its stake in DoubleVerify by 22.8% in the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Stock Down 0.1 %

NYSE:DV opened at $20.32 on Friday. The company has a fifty day simple moving average of $18.07 and a two-hundred day simple moving average of $18.75. The company 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 Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00.

DoubleVerify declared that its Board of Directors has approved a share repurchase program on Wednesday, November 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

DV has been the topic of a number of research reports. The Goldman Sachs Group decreased their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company initiated coverage on shares of DoubleVerify in a research note on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Macquarie reissued an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research note on Thursday, November 7th. Finally, BMO Capital Markets reduced their price target on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.47.

Insiders Place Their Bets

In related news, 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 transaction, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,656,439.40. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 8,820 shares of company stock worth $155,444 over the last 90 days. Corporate insiders own 3.00% of the company’s stock.

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.