DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC lowered its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 36.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,901 shares of the company’s stock after selling 72,255 shares during the period. Gagnon Securities LLC’s holdings in DoubleVerify were worth $2,380,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify during the 3rd quarter valued at $19,457,000. Repertoire Partners LP raised its position in DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock worth $11,535,000 after purchasing an additional 625,000 shares in the last quarter. Algert Global LLC grew its stake in DoubleVerify by 311.4% during the third quarter. Algert Global LLC now owns 615,275 shares of the company’s stock worth $10,361,000 after buying an additional 465,729 shares during the last quarter. ING Groep NV bought a new stake in DoubleVerify during the third quarter worth about $7,378,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of DoubleVerify by 9.6% during the third quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company’s stock valued at $69,440,000 after purchasing an additional 360,445 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.1 %

DV stock opened at $20.62 on Friday. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The firm has a 50 day moving average of $19.97 and a 200 day moving average of $19.03. The stock has a market capitalization of $3.49 billion, a PE ratio of 55.73, a price-to-earnings-growth ratio of 2.41 and a beta of 0.98.

DoubleVerify announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 2,071 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total transaction of $42,476.21. Following the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at approximately $1,761,439.82. This represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DV shares. Macquarie reiterated an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a report on Thursday, November 7th. Scotiabank initiated coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a report on Wednesday, December 11th. Barclays dropped their price objective on shares of DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group dropped their target price on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.