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 firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $20.30, for a total value of $35,809.20. Following the transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,656,439.40. This trade represents 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.

DoubleVerify Price Performance

DV opened at $19.35 on Thursday. The firm’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $18.86. 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 $3.27 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 3.03 and a beta of 0.90.

DoubleVerify announced that its board has approved a stock buyback plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of DoubleVerify

Hedge funds have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in shares of DoubleVerify during the 3rd quarter worth $29,000. CWM LLC increased 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 purchasing an additional 1,900 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify in the third quarter valued at approximately $49,000. Fifth Third Bancorp lifted its stake in shares of DoubleVerify by 72.3% during 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 in the last quarter. Finally, KBC Group NV boosted its holdings in DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after buying an additional 1,325 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DV has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. BMO Capital Markets lowered their target price 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. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of DoubleVerify in a research report on Tuesday, September 17th. The Goldman Sachs Group lowered their price objective on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Royal Bank of Canada cut their target price on DoubleVerify from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.