New York State Teachers Retirement System Sells 900 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

New York State Teachers Retirement System cut its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 82,540 shares of the company’s stock after selling 900 shares during the quarter. New York State Teachers Retirement System’s holdings in DoubleVerify were worth $1,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of DoubleVerify by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock valued at $549,000 after purchasing an additional 526 shares during the period. GAMMA Investing LLC raised its position in shares of DoubleVerify by 73.6% in 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 during the period. Covestor Ltd raised its position in shares of DoubleVerify by 22.8% in the third quarter. Covestor Ltd now owns 6,643 shares of the company’s stock valued at $112,000 after purchasing an additional 1,235 shares during the period. Janus Henderson Group PLC grew its position in shares of DoubleVerify by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock valued at $6,185,000 after purchasing an additional 1,279 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after purchasing an additional 1,325 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of the 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 approximately $1,761,439.82. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.

DoubleVerify Stock Down 2.9 %

Shares of NYSE:DV opened at $21.70 on Friday. DoubleVerify Holdings, Inc. has a fifty-two week low of $16.11 and a fifty-two week high of $43.00. The firm’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $19.23. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 58.64, a PEG ratio of 2.63 and a beta of 0.99.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on DV shares. Macquarie reissued an “outperform” rating and issued a $19.00 target price on shares of DoubleVerify in a research report on Thursday, November 7th. Canaccord Genuity Group decreased their price objective on shares of DoubleVerify from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Barclays dropped their price target on DoubleVerify from $27.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Raymond James initiated coverage on DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on DoubleVerify in a research report on Monday, October 28th. They set an “underweight” rating and a $14.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.