DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $42,476.21 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 2,071 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total transaction of $42,476.21. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,761,439.82. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

DoubleVerify Stock Down 0.8 %

DoubleVerify stock traded down $0.16 during midday trading on Thursday, hitting $19.69. The company’s stock had a trading volume of 1,911,630 shares, compared to its average volume of 2,293,098. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The company has a market capitalization of $3.33 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97. The stock’s 50-day moving average price is $19.02 and its 200-day moving average price is $18.90.

DoubleVerify announced that its Board of Directors has authorized a share repurchase program 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 programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DV shares. Stifel Nicolaus dropped 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. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a research report on Monday, October 28th. They set an “underweight” rating and a $14.00 price target for the company. Barclays lifted their price objective on DoubleVerify from $23.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Canaccord Genuity Group cut their price objective on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Scotiabank began coverage on shares of DoubleVerify in a report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $24.11.

Hedge Funds Weigh In On DoubleVerify

Institutional investors have recently modified their holdings of the company. Burgundy Asset Management Ltd. acquired a new position in DoubleVerify in the second quarter worth $54,099,000. Mackenzie Financial Corp acquired a new stake in shares of DoubleVerify in the second quarter valued at approximately $53,015,000. Disciplined Growth Investors Inc. MN bought a new position in DoubleVerify during the third quarter worth $19,457,000. Fort Washington Investment Advisors Inc. OH bought a new stake in DoubleVerify in the 2nd quarter valued at $13,000,000. Finally, Dimensional Fund Advisors LP raised its position in shares of DoubleVerify by 36.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,422,061 shares of the company’s stock valued at $47,154,000 after buying an additional 643,679 shares in the last quarter. Institutional investors own 97.29% 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.