45,122 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Versor Investments LP

Versor Investments LP purchased a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,122 shares of the company's stock, valued at approximately $760,000.

A number of other hedge funds have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of DoubleVerify by 47.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 42,158 shares of the company's stock worth $1,482,000 after purchasing an additional 13,579 shares during the period. Swiss National Bank boosted its position in shares of DoubleVerify by 15.4% in the first quarter. Swiss National Bank now owns 286,200 shares of the company's stock valued at $10,063,000 after acquiring an additional 38,200 shares during the period. Sei Investments Co. grew its stake in shares of DoubleVerify by 3.1% in the first quarter. Sei Investments Co. now owns 459,850 shares of the company's stock worth $16,168,000 after acquiring an additional 14,000 shares during the last quarter. Russell Investments Group Ltd. increased its position in DoubleVerify by 22.0% during the first quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company's stock worth $6,443,000 after acquiring an additional 33,003 shares during the period. Finally, US Bancorp DE increased its position in DoubleVerify by 186.8% during the first quarter. US Bancorp DE now owns 93,381 shares of the company's stock worth $3,283,000 after acquiring an additional 60,824 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DV shares. Piper Sandler reduced their target price on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Wells Fargo & Company started coverage on shares of DoubleVerify in a report on Monday, October 28th. They set an "underweight" rating and a $14.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Canaccord Genuity Group cut their price target on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lowered their price objective on DoubleVerify from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $24.47.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $16.92, for a total transaction of $29,846.88. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,380,638.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 7,056 shares of company stock worth $119,634 in the last ninety days. Insiders own 3.00% of the company's stock.

DoubleVerify Price Performance

DV stock traded up $0.10 during midday trading on Wednesday, hitting $20.50. The company's stock had a trading volume of 998,125 shares, compared to its average volume of 2,379,375. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The company's fifty day moving average price is $17.56 and its 200 day moving average price is $19.22. The stock has a market capitalization of $3.47 billion, a P/E ratio of 55.24, a PEG ratio of 2.43 and a beta of 0.90.

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

DoubleVerify Company 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.