Versor Investments LP Purchases Shares of 45,122 DoubleVerify Holdings, Inc. (NYSE:DV)

Versor Investments LP acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,122 shares of the company’s stock, valued at approximately $760,000.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of DoubleVerify by 47.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 42,158 shares of the company’s stock worth $1,482,000 after buying an additional 13,579 shares during the last quarter. Swiss National Bank boosted its position in DoubleVerify by 15.4% during the first quarter. Swiss National Bank now owns 286,200 shares of the company’s stock valued at $10,063,000 after purchasing an additional 38,200 shares during the last quarter. Sei Investments Co. grew its stake in DoubleVerify by 3.1% in the first quarter. Sei Investments Co. now owns 459,850 shares of the company’s stock valued at $16,168,000 after purchasing an additional 14,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of DoubleVerify by 22.0% during the 1st quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company’s stock worth $6,443,000 after purchasing an additional 33,003 shares during the last quarter. Finally, US Bancorp DE increased its holdings in DoubleVerify by 186.8% during the first quarter. US Bancorp DE now owns 93,381 shares of the company’s stock worth $3,283,000 after buying an additional 60,824 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DV. Truist Financial cut their price target on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Wells Fargo & Company began coverage on DoubleVerify in a report on Monday, October 28th. They set an “underweight” rating and a $14.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a research note on Tuesday, September 17th. The Goldman Sachs Group cut their price objective on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Piper Sandler dropped their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $24.47.

DoubleVerify Trading Up 1.3 %

Shares of DV opened at $20.40 on Wednesday. The stock has a market capitalization of $3.45 billion, a PE ratio of 55.12, a P/E/G ratio of 2.45 and a beta of 0.90. The firm’s 50 day moving average is $17.56 and its 200-day moving average is $19.22. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00.

DoubleVerify announced that its board has initiated a stock 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 reacquire up to 6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 7,056 shares of company stock worth $119,634 in the last 90 days. Company insiders own 3.00% of the company’s stock.

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.