Jacobs Levy Equity Management Inc. Boosts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Jacobs Levy Equity Management Inc. lifted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,014,038 shares of the company’s stock after buying an additional 6,792 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.60% of DoubleVerify worth $17,076,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. purchased a new position in DoubleVerify in the 2nd quarter valued at approximately $73,268,000. Burgundy Asset Management Ltd. acquired a new stake in DoubleVerify during the 2nd quarter valued at $54,099,000. Mackenzie Financial Corp acquired a new stake in shares of DoubleVerify during the second quarter worth $53,015,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of DoubleVerify during the second quarter worth $13,000,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of DoubleVerify by 36.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,422,061 shares of the company’s stock worth $47,154,000 after purchasing an additional 643,679 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DV. JPMorgan Chase & Co. decreased their price objective on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. JMP Securities cut their price objective on DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Wells Fargo & Company started coverage on DoubleVerify in a research report on Monday, October 28th. They set an “underweight” rating and a $14.00 target price on the stock. Morgan Stanley decreased their price target on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Finally, Barclays reduced their price objective on DoubleVerify from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.47.

DoubleVerify Stock Performance

Shares of NYSE DV opened at $21.06 on Thursday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 56.92, a P/E/G ratio of 3.28 and a beta of 0.97. The business’s 50-day simple moving average is $18.26 and its 200-day simple moving average is $18.77. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00.

DoubleVerify announced that its board has initiated a share buyback plan on Wednesday, November 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $16.92, for a total value of $29,846.88. Following the sale, the chief financial officer now owns 81,598 shares of the company’s stock, valued at $1,380,638.16. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 8,820 shares of company stock valued at $155,444. 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.