DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by Centiva Capital LP

Centiva Capital LP increased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 162.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,094 shares of the company's stock after acquiring an additional 90,487 shares during the period. Centiva Capital LP owned about 0.09% of DoubleVerify worth $2,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DV. True Wealth Design LLC acquired a new position in shares of DoubleVerify in the 3rd quarter valued at $29,000. CWM LLC raised its stake 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 purchasing an additional 1,900 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of DoubleVerify in the third quarter worth about $49,000. Fifth Third Bancorp boosted its holdings in shares of DoubleVerify by 72.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock worth $81,000 after purchasing an additional 1,742 shares during the last quarter. Finally, KBC Group NV boosted its stake in DoubleVerify by 35.8% during the third 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 last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $20.30, for a total transaction of $35,809.20. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,656,439.40. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 8,820 shares of company stock worth $155,444. Corporate insiders own 3.00% of the company's stock.

DoubleVerify Price Performance

Shares of DoubleVerify stock traded down $0.23 during trading hours on Tuesday, hitting $20.50. The company had a trading volume of 471,972 shares, compared to its average volume of 2,337,163. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The company has a market cap of $3.47 billion, a P/E ratio of 55.99, a price-to-earnings-growth ratio of 3.22 and a beta of 0.97. The company's 50-day moving average is $18.13 and its two-hundred day moving average is $18.75.

DoubleVerify announced that its board has approved a stock buyback plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DV has been the subject of several analyst reports. Macquarie reissued an "outperform" rating and issued a $19.00 price target on shares of DoubleVerify in a research note on Thursday, November 7th. The Goldman Sachs Group decreased their target price on DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Stifel Nicolaus dropped their target price on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Wells Fargo & Company started coverage on shares of DoubleVerify in a research note on Monday, October 28th. They issued an "underweight" rating and a $14.00 price objective for the company. Finally, Canaccord Genuity Group cut their price target on DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.47.

About DoubleVerify

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.