other material
confidence high
sentiment positive
materiality 0.55
DoubleVerify board authorizes $150M share repurchase program
DoubleVerify Holdings, Inc.
- Board authorized repurchase of up to $150M of DV's common stock; no time limit.
- Repurchases may be made via open market or 10b5-1 plans, subject to market conditions.
- Funding from existing cash ($302M as of 3/31/24) and future cash flows.
- Approximately 172 million shares outstanding as of April 29, 2024.
- Program does not obligate repurchase of any specific number of shares and can be suspended.