JSF Financial LLC Sells 10,000 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

JSF Financial LLC reduced its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,831 shares of the company’s stock after selling 10,000 shares during the quarter. DoubleVerify accounts for 1.6% of JSF Financial LLC’s portfolio, making the stock its 12th biggest holding. JSF Financial LLC owned about 0.19% of DoubleVerify worth $6,144,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DV. Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify in the 3rd quarter worth $19,457,000. Repertoire Partners LP boosted its position in DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock worth $11,535,000 after purchasing an additional 625,000 shares during the last quarter. Algert Global LLC grew its stake in shares of DoubleVerify by 311.4% during the 3rd quarter. Algert Global LLC now owns 615,275 shares of the company’s stock valued at $10,361,000 after purchasing an additional 465,729 shares during the period. ING Groep NV purchased a new stake in shares of DoubleVerify during the 3rd quarter valued at about $7,378,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of DoubleVerify by 9.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock worth $69,440,000 after purchasing an additional 360,445 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DV. Raymond James started coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target on the stock. Royal Bank of Canada boosted their price target on DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Barclays cut their price objective on DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, BMO Capital Markets decreased their target price on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total transaction of $42,476.21. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,761,439.82. The trade was a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 6,055 shares of company stock worth $126,260 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify Stock Performance

DoubleVerify stock opened at $21.95 on Tuesday. The stock has a market cap of $3.71 billion, a PE ratio of 59.33, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99. The stock has a 50-day moving average of $20.12 and a two-hundred day moving average of $19.09. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00.

DoubleVerify declared that its Board of Directors has initiated a stock buyback plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is 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.