Kornitzer Capital Management Inc. KS Decreases Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Kornitzer Capital Management Inc. KS cut its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 990,963 shares of the company's stock after selling 95,850 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.58% of DoubleVerify worth $16,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of DoubleVerify by 1.4% during the first quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company's stock worth $552,974,000 after purchasing an additional 216,370 shares during the period. Assenagon Asset Management S.A. raised its position in DoubleVerify by 9.6% during the 3rd 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. lifted its holdings in DoubleVerify by 25.9% in the 2nd quarter. Van Berkom & Associates Inc. now owns 3,046,200 shares of the company's stock worth $59,310,000 after buying an additional 626,586 shares during the period. Burgundy Asset Management Ltd. bought a new stake in shares of DoubleVerify in the 2nd quarter worth approximately $54,099,000. Finally, Mackenzie Financial Corp purchased a new position in shares of DoubleVerify during the second quarter valued at approximately $53,015,000. 97.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Canaccord Genuity Group lowered their price objective on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a report on Thursday. Stifel Nicolaus lowered their target price on DoubleVerify from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Monday, October 14th. BMO Capital Markets reduced their price target on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Royal Bank of Canada decreased their price objective on DoubleVerify from $27.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday. Finally, Piper Sandler dropped their target price 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.47.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the company's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $17.28, for a total value of $30,481.92. Following the completion of the transaction, the chief financial officer now owns 81,598 shares of the company's stock, valued at $1,410,013.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 7,056 shares of company stock valued at $119,634 over the last 90 days. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify Price Performance

DoubleVerify stock traded up $0.16 during mid-day trading on Thursday, reaching $19.72. 5,259,088 shares of the stock traded hands, compared to its average volume of 2,369,863. The stock has a market capitalization of $3.35 billion, a PE ratio of 56.66, a price-to-earnings-growth ratio of 2.44 and a beta of 0.90. The business's 50-day moving average is $17.54 and its 200-day moving average is $19.59. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $169.56 million for the quarter, compared to the consensus estimate of $168.93 million. DoubleVerify had a net margin of 9.97% and a return on equity of 5.70%. Equities analysts anticipate that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current fiscal year.

DoubleVerify announced that its board has initiated a share buyback program on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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.