Advantage Alpha Capital Partners LP Decreases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Advantage Alpha Capital Partners LP cut its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 54.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,011 shares of the company's stock after selling 151,723 shares during the period. Advantage Alpha Capital Partners LP owned 0.07% of DoubleVerify worth $2,122,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify during the 3rd quarter worth $49,000. CWM LLC grew its holdings in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company's stock valued at $54,000 after buying an additional 1,900 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of DoubleVerify by 72.3% during the second 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. KBC Group NV grew its stake in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company's stock worth $85,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Covestor Ltd grew its position 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 during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DV. Barclays lowered their price target on shares of DoubleVerify from $27.00 to $23.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. The Goldman Sachs Group reduced their target price on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Stifel Nicolaus decreased their price objective on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a report on Monday, October 14th. Piper Sandler reduced their price target on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Finally, JMP Securities cut their price objective on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating for the company in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $24.47.

Insider Activity

In other news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total transaction of $35,809.20. Following the transaction, the chief financial officer now owns 81,598 shares of the company's stock, valued at approximately $1,656,439.40. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Down 0.6 %

NYSE DV traded down $0.13 during trading hours on Tuesday, reaching $20.50. The company's stock had a trading volume of 1,507,742 shares, compared to its average volume of 2,359,903. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The firm's 50-day moving average price is $17.88 and its 200-day moving average price is $18.72. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 55.41, a PEG ratio of 3.18 and a beta of 0.90.

DoubleVerify announced that its Board of Directors has approved a share buyback program on Wednesday, November 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its stock is undervalued.

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.