FORA Capital LLC Buys New Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

FORA Capital LLC bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,226 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in DoubleVerify in the 3rd quarter valued at approximately $49,000. CWM LLC increased its holdings in DoubleVerify by 212.5% in the 2nd quarter. CWM LLC now owns 2,794 shares of the company’s stock valued at $54,000 after purchasing an additional 1,900 shares during the last quarter. Fifth Third Bancorp increased its holdings in DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after purchasing an additional 1,742 shares during the last quarter. KBC Group NV increased its holdings in DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Covestor Ltd increased its holdings in DoubleVerify by 22.8% in the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after purchasing an additional 1,235 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at $1,380,638.16. The trade was a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 8,820 shares of company stock valued at $155,444 over the last ninety days. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DV shares. JMP Securities dropped their price target on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Barclays dropped their price target on shares of DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Morgan Stanley dropped their price target on shares of DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group dropped their price target on shares of DoubleVerify from $28.00 to $25.00 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 issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.47.

DoubleVerify Price Performance

Shares of DV opened at $20.32 on Friday. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The stock has a market cap of $3.44 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The firm has a fifty day moving average price of $18.07 and a 200 day moving average price of $18.75.

DoubleVerify announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares repurchase plans 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.