272 Capital LP Has $888,000 Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

272 Capital LP lessened its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 65.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,724 shares of the company's stock after selling 99,476 shares during the period. 272 Capital LP's holdings in DoubleVerify were worth $888,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in DoubleVerify during the 3rd quarter valued at $49,000. CWM LLC lifted its stake in shares of DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company's stock worth $54,000 after buying an additional 1,900 shares during the last quarter. 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 buying an additional 1,742 shares during the period. KBC Group NV grew its stake in DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after buying an additional 1,325 shares during the last quarter. Finally, Covestor Ltd grew its stake in DoubleVerify by 22.8% in the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company's stock valued at $112,000 after buying an additional 1,235 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DV. Piper Sandler reduced their price objective on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, October 23rd. Stifel Nicolaus reduced their price target on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Truist Financial decreased their price objective on DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. dropped their target price on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley decreased their price target on shares of DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $24.47.

DoubleVerify Price Performance

Shares of DV stock traded down $0.02 on Friday, hitting $20.33. 804,901 shares of the company's stock were exchanged, compared to its average volume of 2,228,476. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The company has a 50 day moving average of $18.13 and a 200 day moving average of $18.76. The stock has a market cap of $3.44 billion, a P/E ratio of 54.95, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90.

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

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the business's 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 sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,656,439.40. The trade was a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is currently owned by insiders.

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.