272 Capital LP Has $2.38 Million Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

272 Capital LP decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 7.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,039 shares of the company’s stock after selling 11,161 shares during the quarter. 272 Capital LP owned approximately 0.08% of DoubleVerify worth $2,375,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DV. CWM LLC raised its position in DoubleVerify by 212.5% during the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after purchasing an additional 1,900 shares during the last quarter. SG Americas Securities LLC bought a new position in DoubleVerify during the 2nd quarter worth $558,000. Silver Lake Advisory LLC bought a new position in DoubleVerify during the 2nd quarter worth $202,000. Washington Capital Management Inc. raised its position in DoubleVerify by 122.2% during the 2nd quarter. Washington Capital Management Inc. now owns 24,000 shares of the company’s stock worth $467,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in DoubleVerify by 72.3% during the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock worth $81,000 after purchasing an additional 1,742 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Price Performance

NYSE:DV opened at $20.10 on Friday. The company has a market cap of $3.40 billion, a P/E ratio of 54.32, a P/E/G ratio of 3.29 and a beta of 0.97. The stock’s fifty day moving average price is $18.77 and its two-hundred day moving average price is $18.86. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00.

DoubleVerify announced that its board has initiated a stock 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 purchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price objective on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Macquarie reaffirmed an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. BMO Capital Markets decreased their target price on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Stifel Nicolaus cut their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.06.

Insider Buying and Selling

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

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.