Mutual of America Capital Management LLC Sells 1,927 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Mutual of America Capital Management LLC cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 8.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,228 shares of the company’s stock after selling 1,927 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DoubleVerify were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DV. Assenagon Asset Management S.A. acquired a new stake in DoubleVerify in the second quarter worth $73,268,000. Burgundy Asset Management Ltd. acquired a new stake in DoubleVerify during the 2nd quarter worth $54,099,000. Mackenzie Financial Corp bought a new position in DoubleVerify during the second quarter worth about $53,015,000. Fort Washington Investment Advisors Inc. OH acquired a new position in DoubleVerify in the second quarter valued at about $13,000,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of DoubleVerify by 36.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,422,061 shares of the company’s stock worth $47,154,000 after acquiring an additional 643,679 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets dropped their target price on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus dropped their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company started coverage on shares of DoubleVerify in a research note on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price for the company. Truist Financial lowered their target price on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, JMP Securities cut their price target on DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.47.

DoubleVerify Stock Down 0.7 %

Shares of NYSE DV opened at $20.35 on Thursday. The business’s 50 day moving average price is $17.94 and its two-hundred day moving average price is $18.73. The company has a market cap of $3.44 billion, a PE ratio of 55.11, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00.

DoubleVerify declared that its board has approved a stock repurchase plan 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 plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total transaction of $28,947.24. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,339,023.18. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 8,820 shares of company stock worth $155,444. 3.00% of the stock is owned by company insiders.

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.