Lecap Asset Management Ltd. Lowers Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Lecap Asset Management Ltd. lessened its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 20.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 38,270 shares of the company’s stock after selling 9,895 shares during the quarter. Lecap Asset Management Ltd.’s holdings in DoubleVerify were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of DoubleVerify by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock worth $549,000 after acquiring an additional 526 shares during the period. GAMMA Investing LLC boosted its stake in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after purchasing an additional 863 shares during the period. The Manufacturers Life Insurance Company boosted its stake in DoubleVerify by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock worth $663,000 after purchasing an additional 1,218 shares during the period. Covestor Ltd grew its holdings in DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after buying an additional 1,235 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of DoubleVerify by 0.3% during the third quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock valued at $6,185,000 after buying an additional 1,279 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Down 0.3 %

Shares of DV opened at $21.67 on Friday. The firm has a fifty day moving average price of $20.10 and a 200-day moving average price of $19.09. The firm has a market capitalization of $3.67 billion, a P/E ratio of 58.57, a P/E/G ratio of 2.43 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00.

DoubleVerify announced that its board has authorized a stock repurchase plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have commented on DV shares. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a research note on Monday, October 28th. They issued an “underweight” rating and a $14.00 price target on the stock. 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 note on Monday, October 14th. Barclays reduced their price objective on DoubleVerify from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price for the company. Finally, Truist Financial reduced their price target on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total transaction of $35,809.20. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at $1,656,439.40. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 6,055 shares of company stock worth $126,260 in the last 90 days. 3.00% of the stock is owned by corporate insiders.

About DoubleVerify

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.