DoubleVerify Holdings, Inc. (NYSE:DV) CFO Sells $47,974.20 in Stock

DoubleVerify Holdings, Inc. (NYSE:DV - Get Free Report) CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

DoubleVerify Stock Down 0.3 %

Shares of DoubleVerify stock traded down $0.06 on Friday, reaching $21.67. The company's stock had a trading volume of 769,505 shares, compared to its average volume of 1,233,496. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00. The company has a market capitalization of $3.67 billion, a P/E ratio of 58.57, a PEG ratio of 2.56 and a beta of 0.99. The stock has a 50-day moving average price of $20.10 and a 200-day moving average price of $19.07.

DoubleVerify declared that its board has authorized a share buyback program 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

DV has been the subject of a number of research analyst reports. Truist Financial reduced their target price on DoubleVerify from $26.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Morgan Stanley decreased their target price on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Piper Sandler cut their price target on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets decreased their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Barclays cut their price objective on shares of DoubleVerify from $27.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and a consensus price target of $24.00.

Hedge Funds Weigh In On DoubleVerify

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in shares of DoubleVerify by 1,079.0% in the second quarter. AQR Capital Management LLC now owns 142,835 shares of the company's stock worth $2,711,000 after acquiring an additional 130,720 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in DoubleVerify by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company's stock valued at $663,000 after purchasing an additional 1,218 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in DoubleVerify during the 2nd quarter worth $230,000. Cetera Investment Advisers grew its holdings in shares of DoubleVerify by 17.6% during the second quarter. Cetera Investment Advisers now owns 148,396 shares of the company's stock worth $2,889,000 after buying an additional 22,244 shares in the last quarter. Finally, CWM LLC raised its position in shares of DoubleVerify by 714.5% in the third quarter. CWM LLC now owns 22,758 shares of the company's stock valued at $383,000 after buying an additional 19,964 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

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.