Mutual of America Capital Management LLC Sells 1,927 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Mutual of America Capital Management LLC cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,228 shares of the company’s stock after selling 1,927 shares during the period. Mutual of America Capital Management LLC’s holdings in DoubleVerify were worth $357,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of DoubleVerify by 212.5% during the second 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 period. Capital Performance Advisors LLP bought a new position in DoubleVerify during the 3rd quarter worth $49,000. Fifth Third Bancorp lifted 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 valued at $81,000 after acquiring an additional 1,742 shares during the period. 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, Parkside Financial Bank & Trust increased its position in shares of DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock worth $129,000 after purchasing an additional 1,806 shares during the period. 97.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DV shares. JMP Securities reduced their price objective on shares of DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley lowered their price objective on shares of DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Canaccord Genuity Group dropped 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. Finally, Stifel Nicolaus decreased their target price on DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.47.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $16.41, for a total value of $28,947.24. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,339,023.18. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 8,820 shares of company stock valued at $155,444. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $20.35 on Thursday. The firm has a market cap of $3.44 billion, a PE ratio of 55.11, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The firm’s fifty day moving average is $17.94 and its 200-day moving average is $18.73.

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