Paloma Partners Management Co Cuts Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Paloma Partners Management Co trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 39.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,443 shares of the company’s stock after selling 10,578 shares during the quarter. Paloma Partners Management Co’s holdings in DoubleVerify were worth $277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC acquired a new position in DoubleVerify during the third quarter worth $29,000. Capital Performance Advisors LLP purchased a new stake in shares of DoubleVerify during the third quarter worth about $49,000. CWM LLC raised its position in shares of 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. Fifth Third Bancorp raised its position in shares of 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. Finally, KBC Group NV lifted its stake 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 buying an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total value of $28,947.24. Following the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,339,023.18. This represents a 2.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 8,820 shares of company stock valued at $155,444 over the last 90 days. 3.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank started coverage on DoubleVerify in a research note on Thursday. They set a “sector outperform” rating and a $24.00 price objective for the company. JMP Securities reduced their price objective on DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Stifel Nicolaus reduced their target price on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Royal Bank of Canada lowered their price target on shares of DoubleVerify from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average price target of $24.44.

DoubleVerify Trading Down 2.4 %

Shares of NYSE:DV opened at $20.56 on Friday. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 55.57, a PEG ratio of 3.25 and a beta of 0.97. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The business has a 50-day moving average price of $18.34 and a 200 day moving average price of $18.79.

DoubleVerify declared that its board has approved a share repurchase program on Wednesday, November 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership 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.