Wealth Enhancement Advisory Services LLC Makes New $472,000 Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Wealth Enhancement Advisory Services LLC acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 28,027 shares of the company's stock, valued at approximately $472,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in DoubleVerify by 212.5% in the second quarter. CWM LLC now owns 2,794 shares of the company's stock worth $54,000 after purchasing an additional 1,900 shares during the period. Fifth Third Bancorp raised its holdings in DoubleVerify by 72.3% in the second quarter. Fifth Third Bancorp now owns 4,151 shares of the company's stock worth $81,000 after purchasing an additional 1,742 shares during the period. Parkside Financial Bank & Trust raised its holdings in DoubleVerify by 37.6% in the second quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company's stock worth $129,000 after purchasing an additional 1,806 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of DoubleVerify during the second quarter worth $155,000. Finally, nVerses Capital LLC acquired a new stake in shares of DoubleVerify during the second quarter worth $164,000. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DV has been the topic of a number of research analyst reports. 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 report on Thursday. Canaccord Genuity Group dropped their price objective on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday. Wells Fargo & Company began coverage on shares of DoubleVerify in a report on Monday, October 28th. They set an "underweight" rating and a $14.00 price objective on the stock. The Goldman Sachs Group decreased their target price on shares of DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Finally, BMO Capital Markets decreased their target price on shares of DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.47.

Insider Activity

In other news, CFO Nicola T. Allais sold 1,764 shares of the business's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $16.41, for a total value of $28,947.24. Following the completion of the transaction, the chief financial officer now directly owns 81,598 shares in the company, valued at approximately $1,339,023.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 7,056 shares of company stock worth $119,634. 3.00% of the stock is currently owned by corporate insiders.

DoubleVerify Stock Performance

Shares of DV stock traded down $0.39 during midday trading on Friday, hitting $19.33. 5,072,401 shares of the company were exchanged, compared to its average volume of 2,184,992. The firm has a market capitalization of $3.29 billion, a P/E ratio of 52.24, a PEG ratio of 2.73 and a beta of 0.90. The firm's 50 day moving average price is $17.53 and its two-hundred day moving average price is $19.52. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00.

DoubleVerify (NYSE:DV - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. DoubleVerify had a net margin of 10.33% and a return on equity of 6.04%. The business had revenue of $169.56 million during the quarter, compared to analysts' expectations of $168.93 million. Analysts expect that DoubleVerify Holdings, Inc. will post 0.3 EPS for the current year.

DoubleVerify declared that its board has initiated a share buyback program on Wednesday, November 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors 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.