Advisors Preferred LLC Makes New $1.05 Million Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Advisors Preferred LLC bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 54,504 shares of the company’s stock, valued at approximately $1,050,000.

Several other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of DoubleVerify by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock valued at $549,000 after buying an additional 526 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 during the period. The Manufacturers Life Insurance Company increased its stake in DoubleVerify by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock worth $663,000 after purchasing an additional 1,218 shares in the last quarter. Covestor Ltd raised 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 during the period. Finally, Janus Henderson Group PLC lifted its stake 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 buying an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DV. Stifel Nicolaus reduced their price target on DoubleVerify from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JMP Securities restated a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price target 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. Macquarie reaffirmed an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $1,656,439.40. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 6,055 shares of company stock valued at $126,260 over the last quarter. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Stock Down 0.3 %

DV opened at $21.67 on Friday. The business’s fifty day simple moving average is $20.10 and its 200 day simple moving average is $19.09. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The stock has a market cap of $3.67 billion, a PE ratio of 58.57, a P/E/G ratio of 2.43 and a beta of 0.99.

DoubleVerify announced that its Board of Directors has authorized a stock 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 purchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership 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.