Unison Asset Management LLC Sells 11,467 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Unison Asset Management LLC decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 32.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,366 shares of the company’s stock after selling 11,467 shares during the quarter. DoubleVerify makes up approximately 0.2% of Unison Asset Management LLC’s holdings, making the stock its 26th largest holding. Unison Asset Management LLC’s holdings in DoubleVerify were worth $449,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DV. True Wealth Design LLC acquired a new position in shares of DoubleVerify in the 3rd quarter valued at $29,000. GAMMA Investing LLC increased its holdings in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after purchasing an additional 863 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in DoubleVerify in the third quarter valued at about $49,000. KBC Group NV boosted its holdings in DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after buying an additional 1,325 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after buying an additional 1,235 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Performance

NYSE:DV opened at $21.67 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $43.00. The company has a market cap of $3.67 billion, a P/E ratio of 58.57, a P/E/G ratio of 2.43 and a beta of 0.99. The stock’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $19.09.

DoubleVerify announced that its Board of Directors has authorized a stock repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total value of $35,809.20. Following the sale, the chief financial officer now owns 81,598 shares in the company, valued at approximately $1,656,439.40. This represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 6,055 shares of company stock valued at $126,260. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DV shares. Stifel Nicolaus cut their price target on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley reduced their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler lowered their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Barclays reduced their target price on DoubleVerify from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Finally, BMO Capital Markets lowered their price target on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.