DoubleVerify Holdings, Inc. (NYSE:DV) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 5,838.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,025 shares of the company's stock after purchasing an additional 185,842 shares during the quarter. Pacer Advisors Inc. owned 0.11% of DoubleVerify worth $3,631,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. True Wealth Design LLC purchased a new position in DoubleVerify in the third quarter valued at about $29,000. GAMMA Investing LLC increased its stake in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in DoubleVerify during the third quarter worth $49,000. KBC Group NV boosted its position in DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company's stock worth $85,000 after purchasing an additional 1,325 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in DoubleVerify in the fourth quarter valued at $113,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DV. Scotiabank initiated 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. Royal Bank of Canada upped their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Needham & Company LLC reissued a "buy" rating and set a $22.00 price objective on shares of DoubleVerify in a research note on Wednesday, December 11th. Macquarie restated an "outperform" rating and set a $19.00 price objective on shares of DoubleVerify in a research report on Thursday, November 7th. Finally, Wells Fargo & Company assumed coverage on DoubleVerify in a report on Monday, October 28th. They set an "underweight" rating and a $14.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Insider Activity at DoubleVerify

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

DoubleVerify Stock Up 0.4 %

Shares of DV opened at $20.59 on Friday. The firm has a market cap of $3.48 billion, a PE ratio of 55.66, a price-to-earnings-growth ratio of 2.41 and a beta of 0.98. The company's fifty day moving average is $19.96 and its two-hundred day moving average is $19.02. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00.

DoubleVerify declared that its board has approved a stock repurchase plan on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.