DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,285 shares of the company’s stock after selling 1,575 shares during the quarter. Yousif Capital Management LLC’s holdings in DoubleVerify were worth $1,024,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in DoubleVerify by 9.6% in 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 acquiring an additional 360,445 shares during the last quarter. Geneva Capital Management LLC lifted its position in shares of DoubleVerify by 2.8% in the third quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company’s stock worth $43,017,000 after purchasing an additional 69,780 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DoubleVerify by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock worth $38,729,000 after purchasing an additional 10,696 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of DoubleVerify by 4.8% in the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock worth $34,264,000 after purchasing an additional 94,095 shares in the last quarter. Finally, Brown Capital Management LLC increased its holdings in DoubleVerify by 0.5% in the third quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company’s stock worth $29,683,000 after buying an additional 7,975 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $22.61 on Friday. The stock has a market cap of $3.83 billion, a PE ratio of 61.12, a PEG ratio of 2.56 and a beta of 0.99. The business has a fifty day moving average of $20.29 and a two-hundred day moving average of $19.17. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00.

DoubleVerify announced that its Board of Directors has approved a share buyback program on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

DV has been the topic of a number of research reports. Piper Sandler dropped their price objective on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Raymond James began coverage on DoubleVerify in a report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Barclays lowered 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. Finally, Scotiabank assumed coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.00% of the company’s stock.

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.