Janney Montgomery Scott LLC Invests $475,000 in DoubleVerify Holdings, Inc. (NYSE:DV)

Janney Montgomery Scott LLC bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 24,744 shares of the company's stock, valued at approximately $475,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DV. True Wealth Design LLC acquired a new stake in DoubleVerify during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC lifted its holdings in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after buying an additional 863 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in DoubleVerify during the 3rd quarter worth approximately $49,000. KBC Group NV lifted its holdings in DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock worth $85,000 after buying an additional 1,325 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company's stock worth $112,000 after buying an additional 1,235 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Price Performance

Shares of DV stock traded up $0.13 during mid-day trading on Thursday, hitting $23.03. The stock had a trading volume of 1,868,433 shares, compared to its average volume of 1,428,693. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The firm has a market cap of $3.89 billion, a PE ratio of 62.23, a PEG ratio of 2.56 and a beta of 0.99. The company's 50-day simple moving average is $20.25 and its 200-day simple moving average is $19.15.

DoubleVerify declared that its board has authorized a stock buyback plan on Wednesday, November 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DV. Royal Bank of Canada increased their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Truist Financial dropped their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Scotiabank began coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.00.

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.