State of New Jersey Common Pension Fund D Has $1.71 Million Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

State of New Jersey Common Pension Fund D grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,670 shares of the company’s stock after buying an additional 3,989 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of DoubleVerify worth $1,712,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in DoubleVerify during the 3rd quarter worth about $49,000. CWM LLC grew its holdings in shares of DoubleVerify by 212.5% during the second quarter. CWM LLC now owns 2,794 shares of the company’s stock worth $54,000 after buying an additional 1,900 shares in the last quarter. Fifth Third Bancorp raised its position in DoubleVerify by 72.3% in the 2nd quarter. Fifth Third Bancorp now owns 4,151 shares of the company’s stock valued at $81,000 after buying an additional 1,742 shares during the last quarter. Covestor Ltd lifted its stake in DoubleVerify by 22.8% in the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in DoubleVerify by 37.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,604 shares of the company’s stock valued at $129,000 after acquiring an additional 1,806 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.4 %

Shares of NYSE:DV opened at $19.21 on Tuesday. The stock has a market cap of $3.25 billion, a PE ratio of 51.92, a P/E/G 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 business has a 50 day moving average of $17.65 and a 200-day moving average of $18.93.

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 shares. This repurchase authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DV. Truist Financial lowered their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group cut their price target on shares of DoubleVerify from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. BMO Capital Markets reduced their price objective on shares of DoubleVerify from $38.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JMP Securities dropped their target price on DoubleVerify from $33.00 to $25.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Finally, Morgan Stanley reduced their price target on DoubleVerify from $23.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.47.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 1,764 shares of DoubleVerify stock in a transaction dated Friday, October 4th. The shares were 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 in the company, valued at $1,380,638.16. The trade was a 2.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 8,820 shares of company stock worth $155,444 in the last ninety days. 3.00% of the stock is owned by company insiders.

About DoubleVerify

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.