282,091 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 282,091 shares of the company's stock, valued at approximately $5,419,000. Arrowstreet Capital Limited Partnership owned 0.17% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after buying an additional 863 shares in the last quarter. Allianz SE acquired a new stake in shares of DoubleVerify during the 4th quarter worth approximately $41,000. SG Americas Securities LLC bought a new stake in shares of DoubleVerify in the 4th quarter valued at $113,000. Finally, KBC Group NV lifted its position in shares of DoubleVerify by 29.7% during the 4th quarter. KBC Group NV now owns 6,516 shares of the company's stock valued at $125,000 after acquiring an additional 1,494 shares during the period. Institutional investors own 97.29% of the company's stock.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 2,220 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

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DoubleVerify Stock Performance

DV stock traded down $0.08 during midday trading on Friday, reaching $12.57. 3,505,460 shares of the company's stock traded hands, compared to its average volume of 2,420,648. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $32.86. The company has a 50-day moving average price of $16.69 and a two-hundred day moving average price of $18.26. The firm has a market capitalization of $2.09 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DV shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price target on shares of DoubleVerify in a research note on Tuesday, April 1st. Barclays decreased their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Cannonball Research cut DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a report on Friday, February 28th. Finally, Canaccord Genuity Group cut their target price on DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, DoubleVerify has a consensus rating of "Hold" and a consensus target price of $22.00.

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.