Captrust Financial Advisors Raises Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Captrust Financial Advisors increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 61.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 41,362 shares of the company’s stock after purchasing an additional 15,714 shares during the period. Captrust Financial Advisors’ holdings in DoubleVerify were worth $697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DV. CWM LLC grew its holdings in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after purchasing an additional 1,900 shares during the last quarter. SG Americas Securities LLC purchased a new stake in DoubleVerify during the 2nd quarter worth about $558,000. Silver Lake Advisory LLC acquired a new position in DoubleVerify in the 2nd quarter valued at about $202,000. Assenagon Asset Management S.A. purchased a new position in shares of DoubleVerify during the second quarter valued at approximately $73,268,000. Finally, Washington Capital Management Inc. boosted its position in DoubleVerify by 122.2% during the second quarter. Washington Capital Management Inc. now owns 24,000 shares of the company’s stock worth $467,000 after acquiring an additional 13,200 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE DV opened at $20.47 on Wednesday. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 55.32, a PEG ratio of 3.28 and a beta of 0.97. The business has a 50-day moving average of $18.62 and a 200-day moving average of $18.84.

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

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $20.30, for a total transaction of $35,809.20. Following the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 8,820 shares of company stock worth $155,444 in the last 90 days. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on DV shares. Stifel Nicolaus reduced their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group reduced their target price on DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada lowered their price target on DoubleVerify from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, November 7th. Macquarie reiterated an “outperform” rating and set a $19.00 price objective on shares of DoubleVerify in a report on Thursday, November 7th. Finally, Wells Fargo & Company began coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average target price of $24.67.

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.