Versor Investments LP Makes New $760,000 Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Versor Investments LP purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) in the third quarter, Holdings Channel reports. The institutional investor purchased 45,122 shares of the company’s stock, valued at approximately $760,000.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DV shares. Piper Sandler decreased their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Stifel Nicolaus lowered their price target 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. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company assumed coverage on shares of DoubleVerify in a research note on Monday, October 28th. They set an “underweight” rating and a $14.00 target price for the company. Finally, Macquarie reaffirmed an “outperform” rating and set a $19.00 price target on shares of DoubleVerify in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.47.

DoubleVerify Price Performance

NYSE:DV opened at $20.40 on Wednesday. DoubleVerify Holdings, Inc. has a one year low of $16.11 and a one year high of $43.00. The company has a market cap of $3.45 billion, a PE ratio of 55.12, a PEG ratio of 2.45 and a beta of 0.90. The firm has a 50-day moving average of $17.56 and a 200-day moving average of $19.22.

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 buy up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred 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 transaction, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,380,638.16. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 7,056 shares of company stock valued at $119,634. Corporate 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.