DoubleVerify Holdings, Inc. (NYSE:DV) Holdings Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 25.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,160 shares of the company's stock after purchasing an additional 30,948 shares during the period. Alliancebernstein L.P. owned about 0.09% of DoubleVerify worth $2,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneva Capital Management LLC lifted its stake in DoubleVerify by 0.8% in the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after buying an additional 19,684 shares in the last quarter. Norges Bank purchased a new stake in shares of DoubleVerify in the fourth quarter valued at $33,957,000. Geode Capital Management LLC boosted its stake in shares of DoubleVerify by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after acquiring an additional 10,696 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of DoubleVerify by 9.8% during the fourth quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company's stock worth $13,609,000 after buying an additional 63,196 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in DoubleVerify by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock valued at $18,694,000 after acquiring an additional 71,000 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

DoubleVerify Price Performance

Shares of NYSE DV traded up $0.40 during mid-day trading on Friday, hitting $12.47. The company had a trading volume of 2,140,192 shares, compared to its average volume of 2,438,384. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.63 and a beta of 1.04. The firm's 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $18.10. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $31.15.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DV. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a research note on Friday, February 28th. Canaccord Genuity Group dropped their price objective on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a report on Thursday. The Goldman Sachs Group reduced their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Loop Capital downgraded DoubleVerify from a "buy" rating to a "hold" rating and lowered their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $21.38.

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.