JSF Financial LLC Cuts Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

JSF Financial LLC trimmed its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 319,831 shares of the company’s stock after selling 10,000 shares during the quarter. DoubleVerify makes up 1.6% of JSF Financial LLC’s investment portfolio, making the stock its 12th largest position. JSF Financial LLC’s holdings in DoubleVerify were worth $6,144,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in shares of DoubleVerify by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock worth $663,000 after purchasing an additional 1,218 shares in the last quarter. CWM LLC grew its holdings in shares of DoubleVerify by 714.5% during the third quarter. CWM LLC now owns 22,758 shares of the company’s stock worth $383,000 after buying an additional 19,964 shares in the last quarter. Washington Capital Management Inc. raised its position in shares of DoubleVerify by 32.1% in the third quarter. Washington Capital Management Inc. now owns 31,700 shares of the company’s stock valued at $534,000 after buying an additional 7,700 shares during the last quarter. nVerses Capital LLC lifted its stake in shares of DoubleVerify by 76.2% in the third quarter. nVerses Capital LLC now owns 14,800 shares of the company’s stock worth $249,000 after buying an additional 6,400 shares in the last quarter. Finally, Trust Point Inc. boosted its position in DoubleVerify by 10.2% during the third quarter. Trust Point Inc. now owns 35,911 shares of the company’s stock worth $605,000 after acquiring an additional 3,310 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DV. Raymond James initiated coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. JMP Securities restated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Truist Financial reduced their price target on DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Stifel Nicolaus dropped their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. reduced 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total value of $42,476.21. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,761,439.82. This trade represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 6,055 shares of company stock worth $126,260. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Price Performance

NYSE DV opened at $21.95 on Tuesday. The company has a market cap of $3.71 billion, a P/E ratio of 59.33, a P/E/G ratio of 2.56 and a beta of 0.99. The stock has a 50-day moving average of $20.12 and a two-hundred day moving average of $19.09. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00.

DoubleVerify announced that its board has authorized a share buyback 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 board 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.