Entropy Technologies LP Sells 43,079 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Entropy Technologies LP decreased its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,052 shares of the company's stock after selling 43,079 shares during the quarter. Entropy Technologies LP's holdings in DoubleVerify were worth $981,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. True Wealth Design LLC bought a new position in DoubleVerify during the third quarter valued at about $29,000. GAMMA Investing LLC lifted its holdings in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of DoubleVerify during the third quarter valued at $49,000. KBC Group NV lifted its holdings in shares of DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company's stock valued at $112,000 after purchasing an additional 1,235 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Scotiabank assumed coverage on DoubleVerify in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price objective for the company. Royal Bank of Canada increased their price objective on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Canaccord Genuity Group reduced their price objective on DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Raymond James assumed coverage on DoubleVerify in a research note on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price objective for the company. Finally, Piper Sandler reduced their price objective on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

DoubleVerify Stock Performance

Shares of NYSE DV traded down $0.40 during mid-day trading on Friday, reaching $22.61. 971,764 shares of the company traded hands, compared to its average volume of 1,413,562. The stock has a market cap of $3.83 billion, a PE ratio of 61.12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99. The company's fifty day moving average is $20.29 and its two-hundred day moving average is $19.17. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00.

DoubleVerify announced that its board has initiated a share buyback plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by insiders.

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.