Lecap Asset Management Ltd. Cuts Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Lecap Asset Management Ltd. lowered its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,270 shares of the company’s stock after selling 9,895 shares during the quarter. Lecap Asset Management Ltd.’s holdings in DoubleVerify were worth $735,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DV. Wealth Enhancement Advisory Services LLC lifted its stake in DoubleVerify by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock worth $549,000 after purchasing an additional 526 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of DoubleVerify by 73.6% during the 4th 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. The Manufacturers Life Insurance Company raised its position in DoubleVerify by 3.7% in the 2nd 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 during the period. Covestor Ltd lifted its stake in DoubleVerify by 22.8% in the third quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of DoubleVerify by 0.3% in the third quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock worth $6,185,000 after purchasing an additional 1,279 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $20.30, for a total value of $35,809.20. Following the completion of the sale, the chief financial officer now owns 81,598 shares in the company, valued at $1,656,439.40. This represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 6,055 shares of company stock valued at $126,260. 3.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on DV shares. Wells Fargo & Company began coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 price objective for the company. The Goldman Sachs Group lowered their price target on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Raymond James assumed coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of DoubleVerify in a research note on Wednesday, December 11th. Finally, Morgan Stanley reduced their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and an average price target of $24.00.

DoubleVerify Trading Down 0.3 %

DV opened at $21.67 on Friday. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The firm’s 50 day simple moving average is $20.10 and its two-hundred day simple moving average is $19.09. The company has a market capitalization of $3.67 billion, a PE ratio of 58.57, a PEG ratio of 2.43 and a beta of 0.99.

DoubleVerify announced that its board has initiated a stock buyback program on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is 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.