Motley Fool Asset Management LLC Has $886,000 Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Motley Fool Asset Management LLC cut its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 58.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,897 shares of the company's stock after selling 73,406 shares during the quarter. Motley Fool Asset Management LLC's holdings in DoubleVerify were worth $886,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in shares of DoubleVerify during the 2nd quarter worth approximately $53,015,000. GSA Capital Partners LLP boosted its position in DoubleVerify by 280.9% during the third quarter. GSA Capital Partners LLP now owns 72,309 shares of the company's stock worth $1,218,000 after purchasing an additional 53,326 shares during the period. Townsend Asset Management Corp NC ADV boosted its position in DoubleVerify by 259.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 109,610 shares of the company's stock worth $1,846,000 after purchasing an additional 79,145 shares during the period. M&G Plc acquired a new position in shares of DoubleVerify in the second quarter valued at $9,249,000. Finally, III Capital Management acquired a new stake in shares of DoubleVerify during the 2nd quarter worth about $570,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction dated Friday, October 4th. The stock was 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. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 8,820 shares of company stock worth $155,444 in the last three months. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Stock Down 2.4 %

Shares of DV stock traded down $0.50 on Thursday, reaching $20.56. The company had a trading volume of 1,099,465 shares, compared to its average volume of 2,328,642. The stock has a market capitalization of $3.48 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 3.25 and a beta of 0.97. The business's 50-day moving average is $18.34 and its 200 day moving average is $18.79. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. lowered their target price on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. BMO Capital Markets reduced their price target on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Morgan Stanley lowered their price objective on DoubleVerify from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 7th. Finally, Piper Sandler reduced their target price on shares of DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.44.

DoubleVerify 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.