ZWJ Investment Counsel Inc. Takes $6.57 Million Position in DoubleVerify Holdings, Inc. (NYSE:DV)

ZWJ Investment Counsel Inc. bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 341,904 shares of the company's stock, valued at approximately $6,568,000. ZWJ Investment Counsel Inc. owned 0.20% of DoubleVerify at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in DoubleVerify by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company's stock worth $549,000 after purchasing an additional 526 shares during the period. GAMMA Investing LLC boosted its position in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after buying an additional 863 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of DoubleVerify by 3.7% during the 2nd 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 period. Covestor Ltd lifted its position 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 acquiring an additional 1,235 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in DoubleVerify by 0.3% in the third quarter. Janus Henderson Group PLC now owns 367,314 shares of the company's stock valued at $6,185,000 after acquiring an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

DoubleVerify Stock Up 2.2 %

NYSE DV traded up $0.44 during trading hours on Tuesday, hitting $19.91. The company had a trading volume of 1,519,030 shares, compared to its average volume of 1,752,936. The firm has a market cap of $3.37 billion, a P/E ratio of 53.80, a price-to-earnings-growth ratio of 2.29 and a beta of 0.98. The business has a fifty day simple moving average of $19.88 and a 200-day simple moving average of $19.00. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00.

DoubleVerify announced that its board has approved 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 reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JMP Securities restated a "market outperform" rating and issued a $25.00 target price on shares of DoubleVerify in a research note on Friday, January 10th. Royal Bank of Canada raised their target price on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Piper Sandler cut their price target on DoubleVerify from $30.00 to $21.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. The Goldman Sachs Group lowered their price objective on DoubleVerify from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Finally, Truist Financial cut their target price on DoubleVerify from $26.00 to $23.00 and set a "buy" 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 assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.11.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 2,071 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total transaction of $42,476.21. Following the sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,761,439.82. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 5,599 shares of company stock worth $107,233. Insiders own 3.00% of the company's stock.

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.