Stifel Financial Corp Decreases Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Stifel Financial Corp trimmed its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 5.8% during the third quarter, HoldingsChannel reports. The fund owned 34,894 shares of the company’s stock after selling 2,153 shares during the quarter. Stifel Financial Corp’s holdings in DoubleVerify were worth $588,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DV. Mackenzie Financial Corp bought a new position in DoubleVerify in the 2nd quarter worth approximately $53,015,000. GSA Capital Partners LLP grew its holdings in shares of DoubleVerify by 280.9% in the 3rd quarter. GSA Capital Partners LLP now owns 72,309 shares of the company’s stock worth $1,218,000 after acquiring an additional 53,326 shares during the last quarter. Repertoire Partners LP boosted its holdings in shares of DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock worth $11,535,000 after buying an additional 625,000 shares during the period. Townsend Asset Management Corp NC ADV raised its stake in DoubleVerify by 259.8% during the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 109,610 shares of the company’s stock valued at $1,846,000 after purchasing an additional 79,145 shares during the period. Finally, III Capital Management purchased a new stake in shares of DoubleVerify in the second quarter valued at $570,000. Institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Canaccord Genuity Group reduced their price objective on DoubleVerify from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus dropped their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley cut their price target on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. BMO Capital Markets lowered their price target on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus price target of $24.11.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $17.21, for a total transaction of $30,358.44. Following the sale, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,404,301.58. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 9,127 shares of company stock valued at $167,438 in the last 90 days. 3.00% of the stock is owned by insiders.

DoubleVerify Trading Up 0.5 %

Shares of DV opened at $19.85 on Friday. The stock has a market cap of $3.36 billion, a P/E ratio of 53.65, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97. The stock’s 50-day moving average price is $19.32 and its two-hundred day moving average price is $18.95. DoubleVerify Holdings, Inc. has a 1 year low of $16.11 and a 1 year high of $43.00.

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

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.