Stifel Financial Corp Sells 2,153 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Stifel Financial Corp reduced its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,894 shares of the company’s stock after selling 2,153 shares during the period. Stifel Financial Corp’s holdings in DoubleVerify were worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DV. United Services Automobile Association grew its holdings in DoubleVerify by 7.4% during the second quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock worth $210,000 after acquiring an additional 746 shares during the period. Arizona State Retirement System grew its holdings in shares of DoubleVerify by 2.3% during the second quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock worth $793,000 after buying an additional 927 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of DoubleVerify by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock valued at $663,000 after buying an additional 1,218 shares during the last quarter. Covestor Ltd boosted its holdings in shares of DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of DoubleVerify by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock worth $6,185,000 after acquiring an additional 1,279 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $17.21, for a total value of $30,358.44. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,404,301.58. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 9,127 shares of company stock valued at $167,438. Insiders own 3.00% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $19.85 on Friday. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The business’s 50 day simple moving average is $19.32 and its 200-day simple moving average is $18.95.

DoubleVerify announced that its board has initiated a stock repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DV shares. JPMorgan Chase & Co. dropped their price target on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Truist Financial decreased their price target on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Raymond James assumed coverage on DoubleVerify in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price objective for the company. JMP Securities decreased their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.11.

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.