DoubleVerify Holdings, Inc. (NYSE:DV) Stock Position Lifted by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 39.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 859,580 shares of the company’s stock after purchasing an additional 241,295 shares during the period. DoubleVerify accounts for about 8.5% of Laurus Investment Counsel Inc.’s investment portfolio, making the stock its 3rd biggest holding. Laurus Investment Counsel Inc. owned about 0.51% of DoubleVerify worth $16,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased 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 valued at $549,000 after buying an additional 526 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after acquiring an additional 863 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of DoubleVerify by 3.7% in 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 during the last quarter. Covestor Ltd raised its position in shares of DoubleVerify by 22.8% in the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock worth $112,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in DoubleVerify by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock worth $6,185,000 after purchasing an additional 1,279 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $20.62 on Friday. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The firm has a market capitalization of $3.49 billion, a P/E ratio of 55.73, a P/E/G ratio of 2.41 and a beta of 0.98. The company’s fifty day moving average price is $19.97 and its 200 day moving average price is $19.03.

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

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,071 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total value of $42,476.21. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,761,439.82. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. JPMorgan Chase & Co. dropped their target price on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company started coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 price objective on the stock. 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

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.