Versor Investments LP Trims Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Versor Investments LP cut its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 73.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,822 shares of the company’s stock after selling 33,300 shares during the period. Versor Investments LP’s holdings in DoubleVerify were worth $227,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DV. Disciplined Growth Investors Inc. MN bought a new stake in shares of DoubleVerify during the 3rd quarter valued at $19,457,000. Repertoire Partners LP increased its stake in DoubleVerify by 1,041.7% in the 3rd quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock worth $11,535,000 after buying an additional 625,000 shares in the last quarter. Algert Global LLC lifted its position in shares of DoubleVerify by 311.4% in the third quarter. Algert Global LLC now owns 615,275 shares of the company’s stock valued at $10,361,000 after acquiring an additional 465,729 shares in the last quarter. ING Groep NV bought a new position in shares of DoubleVerify in the third quarter worth about $7,378,000. Finally, ZWJ Investment Counsel Inc. bought a new position in shares of DoubleVerify in the fourth quarter worth about $6,568,000. Institutional investors own 97.29% of the company’s stock.

Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley lowered their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Macquarie reiterated an “outperform” rating and issued a $19.00 price target on shares of DoubleVerify in a report on Thursday, November 7th. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research report on Friday. JPMorgan Chase & Co. cut their price target on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Scotiabank began coverage on DoubleVerify in a report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

DoubleVerify Price Performance

Shares of NYSE DV opened at $14.25 on Wednesday. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57. The firm has a 50-day simple moving average of $20.34 and a two-hundred day simple moving average of $19.24. The company has a market cap of $2.41 billion, a P/E ratio of 38.50, a PEG ratio of 2.63 and a beta of 0.99.

DoubleVerify announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

About DoubleVerify

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.