DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 13.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,240 shares of the company’s stock after selling 2,726 shares during the period. Truist Financial Corp’s holdings in DoubleVerify were worth $331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new position in shares of DoubleVerify in the 3rd quarter valued at $29,000. GAMMA Investing LLC boosted its holdings in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after buying an additional 863 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of DoubleVerify in the 3rd quarter valued at $49,000. KBC Group NV boosted its holdings in shares of DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after buying an additional 1,325 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of DoubleVerify by 22.8% in the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after buying an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $14.25 on Wednesday. DoubleVerify Holdings, Inc. has a one year low of $13.42 and a one year high of $35.57. The company’s 50 day moving average price is $20.34 and its 200 day moving average price is $19.24. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.63 and a beta of 0.99.

DoubleVerify announced that its board has initiated a share repurchase plan on Wednesday, November 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DV. Raymond James began coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $20.00 price target (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased 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. Macquarie reiterated an “outperform” rating and set a $19.00 price target on shares of DoubleVerify in a research note on Thursday, November 7th. Finally, Scotiabank began coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by insiders.

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.