Parkside Financial Bank & Trust Sells 826 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Parkside Financial Bank & Trust lowered its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,162 shares of the company’s stock after selling 826 shares during the period. Parkside Financial Bank & Trust’s holdings in DoubleVerify were worth $138,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Geneva Capital Management LLC raised its position in shares of DoubleVerify by 2.8% in the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company’s stock valued at $43,017,000 after buying an additional 69,780 shares in the last quarter. Geode Capital Management LLC raised its position in shares of DoubleVerify by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after buying an additional 10,696 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock valued at $34,264,000 after buying an additional 94,095 shares in the last quarter. Brown Capital Management LLC raised its position in shares of DoubleVerify by 0.5% in the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company’s stock valued at $29,683,000 after buying an additional 7,975 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of DoubleVerify in the 3rd quarter valued at approximately $19,457,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $13.90 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $13.42 and a 52-week high of $35.57. The firm has a 50 day moving average price of $20.54 and a two-hundred day moving average price of $19.30. The stock has a market cap of $2.35 billion, a P/E ratio of 37.57, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99.

DoubleVerify announced that its board has approved a share buyback plan on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,071 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total value of $42,476.21. Following the sale, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at approximately $1,761,439.82. This represents a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Canaccord Genuity Group dropped their target price on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday. Scotiabank assumed coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price for the company. Macquarie restated an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.37.

DoubleVerify 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.