Victory Capital Management Inc. Sells 1,037 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Victory Capital Management Inc. cut its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,764 shares of the company’s stock after selling 1,037 shares during the quarter. Victory Capital Management Inc.’s holdings in DoubleVerify were worth $468,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DV. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify in the third quarter worth about $49,000. CWM LLC increased its holdings in shares of DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after purchasing an additional 1,900 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares during the last quarter. Covestor Ltd increased its holdings in shares of DoubleVerify by 22.8% in the third 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, Parkside Financial Bank & Trust increased its holdings in shares of DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after purchasing an additional 1,806 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

DV has been the topic of several research reports. BMO Capital Markets reduced their target price on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial dropped their price target on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group dropped their price target on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Morgan Stanley dropped their price target on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Two equities 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.47.

DoubleVerify Stock Down 0.1 %

DoubleVerify stock opened at $20.32 on Friday. The business has a fifty day moving average of $18.07 and a two-hundred day moving average of $18.75. The firm has a market cap of $3.44 billion, a P/E ratio of 54.95, a P/E/G ratio of 3.22 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 of Directors has initiated 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 reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,380,638.16. This represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 8,820 shares of company stock worth $155,444. Insiders own 3.00% of the company’s stock.

DoubleVerify Company 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.