Kornitzer Capital Management Inc. KS Sells 4,150 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Kornitzer Capital Management Inc. KS cut its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 986,813 shares of the company’s stock after selling 4,150 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.58% of DoubleVerify worth $18,957,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DV. True Wealth Design LLC bought a new stake in DoubleVerify in the 3rd quarter valued at $29,000. GAMMA Investing LLC lifted its holdings in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after buying an additional 863 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify in the third quarter valued at about $49,000. KBC Group NV grew its stake in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Covestor Ltd increased its position in DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after acquiring an additional 1,235 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

DV has been the subject of a number of recent research reports. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 price objective for the company. JMP Securities reissued a “market outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Macquarie reaffirmed an “outperform” rating and issued a $19.00 price objective on shares of DoubleVerify in a report on Thursday, November 7th. BMO Capital Markets reduced their target price on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Piper Sandler dropped their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

DoubleVerify Trading Down 1.7 %

NYSE:DV opened at $22.61 on Tuesday. The stock’s 50-day moving average is $20.33 and its 200-day moving average is $19.15. The stock has a market cap of $3.83 billion, a P/E ratio of 61.12, a price-to-earnings-growth ratio of 2.56 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify declared that its board has approved a share buyback program on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are typically 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.