Thrivent Financial for Lutherans Cuts Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Thrivent Financial for Lutherans reduced its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,833 shares of the company’s stock after selling 6,112 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of DoubleVerify worth $1,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DV. United Services Automobile Association lifted its stake in shares of 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 purchasing an additional 746 shares in the last quarter. Arizona State Retirement System increased its stake in DoubleVerify by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock valued at $793,000 after buying an additional 927 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of DoubleVerify by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock valued at $663,000 after purchasing an additional 1,218 shares during the period. Covestor Ltd grew its position in DoubleVerify by 22.8% in the third quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after buying an additional 1,235 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after acquiring an additional 1,325 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Piper Sandler lowered their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group lowered their target price on DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company started coverage on DoubleVerify in a research report on Monday, October 28th. They issued an “underweight” rating and a $14.00 price target on the stock. Finally, Barclays reduced their price objective on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.47.

DoubleVerify Stock Down 0.7 %

Shares of DV opened at $20.35 on Friday. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 55.00, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a 50-day moving average price of $18.01 and a two-hundred day moving average price of $18.74.

DoubleVerify declared that its Board of Directors has approved a stock repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $20.30, for a total value of $35,809.20. Following the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at $1,656,439.40. The trade was a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 8,820 shares of company stock worth $155,444 in the last 90 days. 3.00% of the stock is owned by company 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.