Crestwood Capital Management L.P. Has $6.30 Million Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Crestwood Capital Management L.P. decreased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 22.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 374,157 shares of the company's stock after selling 109,916 shares during the period. DoubleVerify comprises about 4.9% of Crestwood Capital Management L.P.'s portfolio, making the stock its 11th largest holding. Crestwood Capital Management L.P. owned approximately 0.22% of DoubleVerify worth $6,301,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its stake in DoubleVerify by 9.6% during the third quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company's stock valued at $69,440,000 after purchasing an additional 360,445 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of DoubleVerify by 25.9% during the second quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company's stock worth $59,310,000 after acquiring an additional 626,586 shares during the last quarter. Burgundy Asset Management Ltd. bought a new position in shares of DoubleVerify during the second quarter worth about $54,099,000. Mackenzie Financial Corp bought a new position in shares of DoubleVerify during the second quarter worth about $53,015,000. Finally, Geneva Capital Management LLC grew its position in shares of DoubleVerify by 2.8% during the third quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock worth $43,017,000 after acquiring an additional 69,780 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

NYSE DV traded down $0.13 on Tuesday, reaching $20.50. The company's stock had a trading volume of 1,507,709 shares, compared to its average volume of 2,359,903. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The stock has a market cap of $3.47 billion, a PE ratio of 55.41, a PEG ratio of 3.18 and a beta of 0.90. The firm's 50 day moving average is $17.88 and its two-hundred day moving average is $18.72.

DoubleVerify announced that its board has approved a share repurchase plan on Wednesday, November 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company's stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at approximately $1,380,638.16. This represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DV. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, October 14th. BMO Capital Markets lowered their price target on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Piper Sandler lowered their price target on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on shares of DoubleVerify from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Thursday, November 7th. Finally, Macquarie reiterated an "outperform" rating and issued a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.