DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais Sells 1,764 Shares of Stock

DoubleVerify Holdings, Inc. (NYSE:DV) CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $20.30, for a total value of $35,809.20. Following the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,656,439.40. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

DoubleVerify Price Performance

DoubleVerify stock opened at $19.21 on Tuesday. The firm has a market cap of $3.25 billion, a P/E ratio of 51.92, a P/E/G ratio of 3.03 and a beta of 0.90. The stock’s 50 day moving average is $17.65 and its 200 day moving average is $18.93. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00.

DoubleVerify declared that its board has initiated a stock repurchase plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

DV has been the subject of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a report on Tuesday, September 17th. Barclays dropped their price target on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, October 11th. JPMorgan Chase & Co. cut their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. The Goldman Sachs Group decreased their price target on DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, JMP Securities lowered their price objective on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” 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 given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.47.

Institutional Trading of DoubleVerify

A number of institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in shares of DoubleVerify in the 2nd quarter valued at about $73,268,000. Burgundy Asset Management Ltd. bought a new position in shares of DoubleVerify during the 2nd quarter worth approximately $54,099,000. Mackenzie Financial Corp acquired a new stake in shares of DoubleVerify during the 2nd quarter worth approximately $53,015,000. Jericho Capital Asset Management L.P. bought a new stake in shares of DoubleVerify in the 1st quarter valued at $53,584,000. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of DoubleVerify during the 3rd quarter valued at $19,457,000. Institutional investors own 97.29% 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.