10,045 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought 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 (SEC). The firm bought 10,045 shares of the company’s stock, valued at approximately $193,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 526 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of DoubleVerify during the fourth quarter valued at about $504,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 863 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DoubleVerify by 77.7% during the third quarter. JPMorgan Chase & Co. now owns 645,233 shares of the company’s stock worth $10,866,000 after purchasing an additional 282,051 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of DoubleVerify by 4.8% in the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock valued at $34,264,000 after buying an additional 94,095 shares during the period. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $19.55 on Thursday. DoubleVerify Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $43.00. The stock has a 50 day moving average price of $19.90 and a two-hundred day moving average price of $19.01. The stock has a market capitalization of $3.31 billion, a PE ratio of 52.84, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98.

DoubleVerify announced that its Board of Directors has initiated a share buyback program on Wednesday, November 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

DV has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of DoubleVerify from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group reduced their price objective on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Truist Financial lowered their target price on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Morgan Stanley decreased their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of DoubleVerify in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.11.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 1,764 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $20.30, for a total value of $35,809.20. Following the completion of the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,656,439.40. This represents a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders sold 5,599 shares of company stock valued at $107,233. 3.00% of the stock is owned by company insiders.

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.