State of New Jersey Common Pension Fund D Acquires 3,989 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

State of New Jersey Common Pension Fund D grew its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 101,670 shares of the company’s stock after purchasing an additional 3,989 shares during the period. State of New Jersey Common Pension Fund D’s holdings in DoubleVerify were worth $1,712,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in DoubleVerify by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 15,727,359 shares of the company’s stock valued at $552,974,000 after purchasing an additional 216,370 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of DoubleVerify by 22.0% in the 1st quarter. Russell Investments Group Ltd. now owns 183,243 shares of the company’s stock valued at $6,443,000 after acquiring an additional 33,003 shares during the last quarter. NWI Management LP bought a new position in shares of DoubleVerify in the 1st quarter valued at $1,758,000. UniSuper Management Pty Ltd acquired a new stake in shares of DoubleVerify during the 1st quarter valued at $937,000. Finally, Mackenzie Financial Corp bought a new stake in DoubleVerify during the 2nd quarter worth $53,015,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

DV has been the topic of a number of recent research reports. 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. Royal Bank of Canada cut their target price on shares of DoubleVerify from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, November 7th. Morgan Stanley decreased their price target on shares of DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus cut their price target on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of DoubleVerify in a research note on Tuesday, September 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and an average price target of $24.47.

DoubleVerify Stock Up 0.4 %

DoubleVerify stock opened at $19.21 on Tuesday. The company has a market capitalization of $3.25 billion, a PE ratio of 51.92, a PEG ratio of 3.03 and a beta of 0.90. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The firm’s fifty day moving average is $17.65 and its 200 day moving average is $18.93.

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

Insider Buying and Selling at DoubleVerify

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 completion of the sale, the chief financial officer now owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This trade represents a 2.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 8,820 shares of company stock valued at $155,444. Corporate 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.