The Manufacturers Life Insurance Company Sells 4,272 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

The Manufacturers Life Insurance Company lessened its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 12.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 29,768 shares of the company’s stock after selling 4,272 shares during the period. The Manufacturers Life Insurance Company’s holdings in DoubleVerify were worth $501,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. United Services Automobile Association raised its stake in DoubleVerify by 7.4% during the 2nd quarter. United Services Automobile Association now owns 10,798 shares of the company’s stock worth $210,000 after buying an additional 746 shares during the period. Arizona State Retirement System boosted its holdings in shares of DoubleVerify by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 40,751 shares of the company’s stock worth $793,000 after buying an additional 927 shares during the period. Covestor Ltd grew its holdings 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 buying an additional 1,235 shares in the last quarter. KBC Group NV grew its position in shares of DoubleVerify by 35.8% during 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. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in DoubleVerify by 15.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,453 shares of the company’s stock valued at $242,000 after acquiring an additional 1,684 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 0.1 %

Shares of NYSE:DV opened at $20.08 on Friday. The business has a fifty day simple moving average of $18.82 and a 200 day simple moving average of $18.87. DoubleVerify Holdings, Inc. has a 12-month low of $16.11 and a 12-month high of $43.00. The firm has a market cap of $3.40 billion, a P/E ratio of 54.27, a P/E/G ratio of 3.29 and a beta of 0.97.

DoubleVerify announced that its Board of Directors has approved a share buyback plan on Wednesday, November 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to buy up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 1,764 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $16.92, for a total value of $29,846.88. Following the sale, the chief financial officer now directly owns 81,598 shares of the company’s stock, valued at approximately $1,380,638.16. This represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 8,820 shares of company stock worth $155,444 over the last ninety days. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on DV shares. Wells Fargo & Company initiated coverage on shares of DoubleVerify in a report on Monday, October 28th. They issued an “underweight” rating and a $14.00 target price on the stock. Piper Sandler lowered their price target on DoubleVerify from $30.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price objective on shares of DoubleVerify in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on DoubleVerify from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Finally, Stifel Nicolaus reduced their price target on shares of DoubleVerify from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus target price of $24.06.

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.