Y Intercept Hong Kong Ltd Has $1.15 Million Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Y Intercept Hong Kong Ltd reduced its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 34.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,005 shares of the company’s stock after selling 31,599 shares during the period. Y Intercept Hong Kong Ltd’s holdings in DoubleVerify were worth $1,153,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in shares of DoubleVerify in the third quarter valued at about $29,000. GAMMA Investing LLC raised its holdings in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after acquiring an additional 863 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $49,000. KBC Group NV grew its holdings in shares of DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after purchasing an additional 1,325 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $113,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify Trading Down 2.4 %

Shares of NYSE DV opened at $21.56 on Thursday. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $42.75. The company has a 50-day moving average of $20.62 and a two-hundred day moving average of $19.30. The company has a market cap of $3.65 billion, a PE ratio of 58.27, a P/E/G ratio of 2.63 and a beta of 0.99.

DoubleVerify declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DV has been the subject of several research reports. Macquarie reaffirmed an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Morgan Stanley reduced their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Canaccord Genuity Group lowered their target price on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of DoubleVerify in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price objective on DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.