South Dakota Investment Council Purchases 4,619 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

South Dakota Investment Council lifted its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,019 shares of the company’s stock after purchasing an additional 4,619 shares during the period. South Dakota Investment Council’s holdings in DoubleVerify were worth $1,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Neo Ivy Capital Management acquired a new stake in DoubleVerify during the 3rd quarter valued at approximately $794,000. GSA Capital Partners LLP increased its position in shares of DoubleVerify by 280.9% during the third quarter. GSA Capital Partners LLP now owns 72,309 shares of the company’s stock worth $1,218,000 after buying an additional 53,326 shares during the period. Repertoire Partners LP raised its stake in DoubleVerify by 1,041.7% during the third 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 during the last quarter. Geode Capital Management LLC lifted its holdings in DoubleVerify by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock valued at $38,729,000 after buying an additional 10,696 shares during the period. Finally, Geneva Capital Management LLC boosted its position in DoubleVerify by 2.8% during the third quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company’s stock valued at $43,017,000 after acquiring an additional 69,780 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price objective for the company. Truist Financial lowered their target price on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Morgan Stanley cut 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. JPMorgan Chase & Co. reduced their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Finally, JMP Securities reiterated a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

DoubleVerify Stock Down 2.9 %

Shares of DoubleVerify stock opened at $21.70 on Monday. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The business has a 50 day moving average price of $20.50 and a 200-day moving average price of $19.24. The company has a market cap of $3.67 billion, a PE ratio of 58.64, a price-to-earnings-growth ratio of 2.63 and a beta of 0.99.

DoubleVerify declared that its Board of Directors has authorized a share repurchase program on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify 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.