DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Centiva Capital LP

Centiva Capital LP increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 162.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,094 shares of the company’s stock after purchasing an additional 90,487 shares during the period. Centiva Capital LP’s holdings in DoubleVerify were worth $2,460,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new stake in DoubleVerify during the second quarter worth about $53,015,000. GSA Capital Partners LLP increased its position in shares of DoubleVerify by 280.9% during the third quarter. GSA Capital Partners LLP now owns 72,309 shares of the company’s stock valued at $1,218,000 after acquiring an additional 53,326 shares during the last quarter. Townsend Asset Management Corp NC ADV increased its position in shares of DoubleVerify by 259.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 109,610 shares of the company’s stock valued at $1,846,000 after acquiring an additional 79,145 shares during the last quarter. M&G Plc acquired a new stake in shares of DoubleVerify during the second quarter valued at about $9,249,000. Finally, III Capital Management acquired a new stake in shares of DoubleVerify during the second quarter valued at about $570,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 2.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 8,820 shares of company stock worth $155,444. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on DV shares. Piper Sandler dropped their price target on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. JMP Securities dropped their price objective on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Macquarie restated an “outperform” rating and issued a $19.00 price objective on shares of DoubleVerify in a report on Thursday, November 7th. The Goldman Sachs Group dropped their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Barclays dropped their price objective on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.47.

DoubleVerify Trading Up 1.9 %

Shares of NYSE:DV opened at $20.72 on Tuesday. The company has a market capitalization of $3.50 billion, a PE ratio of 55.99, a P/E/G ratio of 3.22 and a beta of 0.97. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The firm has a 50 day simple moving average of $18.13 and a 200-day simple moving average of $18.75.

DoubleVerify announced that its board has approved a stock repurchase plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors 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.