Motley Fool Asset Management LLC Sells 73,406 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Motley Fool Asset Management LLC lessened its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 58.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,897 shares of the company’s stock after selling 73,406 shares during the quarter. Motley Fool Asset Management LLC’s holdings in DoubleVerify were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DV. Cetera Investment Advisers grew its stake in shares of DoubleVerify by 91.1% during the 1st quarter. Cetera Investment Advisers now owns 126,152 shares of the company’s stock worth $4,436,000 after acquiring an additional 60,146 shares during the period. Cetera Advisors LLC bought a new position in shares of DoubleVerify during the 1st quarter worth $1,671,000. Harbor Capital Advisors Inc. grew its stake in shares of DoubleVerify by 119.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,944 shares of the company’s stock worth $174,000 after acquiring an additional 4,873 shares during the period. CWM LLC grew its stake in shares of DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after acquiring an additional 1,900 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of DoubleVerify during the 2nd quarter worth $558,000. Institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DV shares. BMO Capital Markets cut their price target on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Macquarie restated an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research note on Thursday, November 7th. The Goldman Sachs Group cut their target price on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of DoubleVerify in a research note on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $24.47.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $16.92, for a total value of $29,846.88. Following the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 8,820 shares of company stock valued at $155,444. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Trading Up 2.5 %

Shares of NYSE DV opened at $21.06 on Thursday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 3.28 and a beta of 0.97. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The stock’s 50-day moving average is $18.26 and its 200 day moving average is $18.77.

DoubleVerify announced that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.