GSA Capital Partners LLP Buys 53,326 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

GSA Capital Partners LLP increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 280.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,309 shares of the company's stock after acquiring an additional 53,326 shares during the quarter. GSA Capital Partners LLP's holdings in DoubleVerify were worth $1,218,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in DoubleVerify in the 3rd quarter valued at $49,000. CWM LLC increased its position in DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company's stock worth $54,000 after acquiring an additional 1,900 shares during the period. Fifth Third Bancorp increased its position in 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 acquiring an additional 1,742 shares during the period. Covestor Ltd raised its position in shares of DoubleVerify by 22.8% in the third quarter. Covestor Ltd now owns 6,643 shares of the company's stock valued at $112,000 after buying an additional 1,235 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in shares of DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company's stock valued at $129,000 after buying an additional 1,806 shares during the period. Institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

NYSE:DV traded down $0.92 on Friday, hitting $19.13. The stock had a trading volume of 1,858,095 shares, compared to its average volume of 2,384,626. The stock has a market cap of $3.24 billion, a P/E ratio of 52.41, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00. The firm's fifty day simple moving average is $17.60 and its two-hundred day simple moving average is $19.23.

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

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 7,056 shares of company stock worth $119,634 in the last quarter. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DV. Truist Financial cut their price target on DoubleVerify from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus cut 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. JMP Securities cut their price target on DoubleVerify from $33.00 to $25.00 and set a "market outperform" rating for the company in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price target on DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Finally, Macquarie restated an "outperform" rating and set a $19.00 target price on shares of DoubleVerify in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.