Norges Bank Buys New Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Norges Bank acquired a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,767,652 shares of the company's stock, valued at approximately $33,957,000. Norges Bank owned about 1.04% of DoubleVerify as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DV. Smartleaf Asset Management LLC lifted its stake in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after acquiring an additional 981 shares during the period. GAMMA Investing LLC lifted its position 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 buying an additional 863 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of DoubleVerify during the fourth quarter valued at about $113,000. KBC Group NV lifted its position in shares of DoubleVerify by 29.7% during the fourth quarter. KBC Group NV now owns 6,516 shares of the company's stock valued at $125,000 after buying an additional 1,494 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of DoubleVerify during the fourth quarter valued at about $193,000. 97.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on DV shares. Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Robert W. Baird reaffirmed a "neutral" rating and issued a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Baird R W downgraded shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a report on Friday, February 28th. Finally, Raymond James assumed coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $22.00.

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Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

DoubleVerify Stock Performance

Shares of NYSE DV traded down $0.54 during trading on Thursday, reaching $12.83. The stock had a trading volume of 229,307 shares, compared to its average volume of 2,400,045. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $33.60. The stock has a market cap of $2.13 billion, a PE ratio of 34.68, a P/E/G ratio of 2.63 and a beta of 1.04. The firm's 50 day moving average price is $17.05 and its two-hundred day moving average price is $18.32.

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.