Yorktown Management & Research Co Inc Takes $290,000 Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Yorktown Management & Research Co Inc bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,100 shares of the company’s stock, valued at approximately $290,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted 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 worth $549,000 after buying an additional 526 shares in the last quarter. GAMMA Investing LLC lifted its position in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after buying an additional 863 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in DoubleVerify by 3.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,040 shares of the company’s stock worth $663,000 after buying an additional 1,218 shares in the last quarter. Covestor Ltd raised its holdings in DoubleVerify by 22.8% during 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 raised its holdings in DoubleVerify by 0.3% during 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 during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,071 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at approximately $1,761,439.82. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

DoubleVerify Stock Up 0.8 %

NYSE:DV opened at $21.65 on Wednesday. DoubleVerify Holdings, Inc. has a twelve month low of $16.11 and a twelve month high of $43.00. The business has a 50 day moving average price of $20.01 and a two-hundred day moving average price of $19.04. The company has a market cap of $3.66 billion, a P/E ratio of 58.50, a price-to-earnings-growth ratio of 2.43 and a beta of 0.99.

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

Analysts Set New Price Targets

DV has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a report on Wednesday, December 11th. BMO Capital Markets dropped their price objective on DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, October 25th. The Goldman Sachs Group dropped their price objective on DoubleVerify from $28.00 to $25.00 and set a “buy” rating for the company in a report on Monday, October 14th. Macquarie reissued an “outperform” rating and set a $19.00 price objective on shares of DoubleVerify in a report on Thursday, November 7th. Finally, Truist Financial dropped their price objective on DoubleVerify from $26.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.