54,504 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Advisors Preferred LLC

Advisors Preferred LLC acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 54,504 shares of the company’s stock, valued at approximately $1,050,000.

Several other institutional investors have also modified their holdings of the stock. Yorktown Management & Research Co Inc bought a new position in DoubleVerify in the 4th quarter valued at $290,000. Laurus Investment Counsel Inc. grew its holdings in shares of DoubleVerify by 39.0% during the fourth quarter. Laurus Investment Counsel Inc. now owns 859,580 shares of the company’s stock worth $16,513,000 after purchasing an additional 241,295 shares during the last quarter. Pacer Advisors Inc. increased its holdings in DoubleVerify by 5,838.6% in the fourth quarter. Pacer Advisors Inc. now owns 189,025 shares of the company’s stock valued at $3,631,000 after purchasing an additional 185,842 shares during the period. KBC Group NV grew its position in shares of DoubleVerify by 29.7% in the 4th quarter. KBC Group NV now owns 6,516 shares of the company’s stock valued at $125,000 after buying an additional 1,494 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of DoubleVerify in the 4th quarter worth approximately $475,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

DV has been the topic of a number of research analyst reports. Piper Sandler cut their price objective on shares of DoubleVerify from $30.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets cut their price target on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Stifel Nicolaus decreased their price objective on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify has an average rating of “Moderate Buy” and a consensus target price of $24.00.

DoubleVerify Stock Down 0.3 %

Shares of DV opened at $21.67 on Friday. 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 P/E ratio of 58.57, a P/E/G ratio of 2.43 and a beta of 0.99. The business’s 50 day moving average price is $20.10 and its 200-day moving average price is $19.09.

DoubleVerify declared that its board has authorized a stock buyback program on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to buy up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 6,055 shares of company stock valued at $126,260. Insiders own 3.00% of the company’s stock.

DoubleVerify 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.