DoubleVerify Holdings, Inc. (NYSE:DV) Shares Acquired by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. boosted its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 859,580 shares of the company's stock after acquiring an additional 241,295 shares during the period. DoubleVerify comprises 8.5% of Laurus Investment Counsel Inc.'s portfolio, making the stock its 3rd largest holding. Laurus Investment Counsel Inc. owned approximately 0.51% of DoubleVerify worth $16,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of DoubleVerify by 1,079.0% in the second quarter. AQR Capital Management LLC now owns 142,835 shares of the company's stock valued at $2,711,000 after buying an additional 130,720 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of DoubleVerify by 3.7% in the second quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company's stock valued at $663,000 after buying an additional 1,218 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of DoubleVerify in the second quarter valued at approximately $230,000. Cetera Investment Advisers raised its position in shares of DoubleVerify by 17.6% in the second quarter. Cetera Investment Advisers now owns 148,396 shares of the company's stock valued at $2,889,000 after buying an additional 22,244 shares during the last quarter. Finally, CWM LLC raised its position in shares of DoubleVerify by 714.5% in the third quarter. CWM LLC now owns 22,758 shares of the company's stock valued at $383,000 after buying an additional 19,964 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Price Performance

DV traded up $0.29 during trading on Wednesday, hitting $21.96. The company had a trading volume of 574,581 shares, compared to its average volume of 1,445,307. The company has a market cap of $3.71 billion, a PE ratio of 59.39, a P/E/G ratio of 2.43 and a beta of 0.99. DoubleVerify Holdings, Inc. has a 1-year low of $16.11 and a 1-year high of $43.00. The business has a 50-day moving average of $20.01 and a 200-day moving average of $19.04.

DoubleVerify announced that its board has authorized a share buyback program on Wednesday, November 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $20.30, for a total value of $35,809.20. Following the sale, the chief financial officer now owns 81,598 shares of the company's stock, valued at $1,656,439.40. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DV has been the subject of a number of recent analyst reports. BMO Capital Markets lowered their target price on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, October 25th. The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a report on Monday, October 14th. Barclays decreased their price objective on shares of DoubleVerify from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Morgan Stanley decreased their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, Truist Financial decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, DoubleVerify has an average rating of "Moderate Buy" and an average target price of $24.00.

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.