Clune & Associates LTD. acquired a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 35,202 shares of the company's stock, valued at approximately $676,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DV. True Wealth Design LLC purchased a new position in shares of DoubleVerify during the third quarter valued at $29,000. Smartleaf Asset Management LLC boosted its position in DoubleVerify by 168.0% during the 4th 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 grew its stake in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after acquiring an additional 863 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of DoubleVerify in the 4th quarter valued at about $113,000. Finally, KBC Group NV lifted its position in shares of DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company's stock worth $125,000 after purchasing an additional 1,494 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on DV. Barclays dropped their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. The Goldman Sachs Group restated a "neutral" rating and issued a $20.00 target price (down previously from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Stifel Nicolaus set a $20.00 price target on DoubleVerify in a research note on Friday, February 28th. Canaccord Genuity Group reduced their price target on DoubleVerify from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Scotiabank initiated coverage on DoubleVerify in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.00.
Read Our Latest Stock Analysis on DV
Insider Activity
In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 completion of the transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.
DoubleVerify Stock Down 4.8 %
Shares of DV stock traded down $0.67 during mid-day trading on Friday, reaching $13.33. The stock had a trading volume of 3,306,139 shares, compared to its average volume of 2,384,070. The firm's 50 day simple moving average is $18.53 and its 200 day simple moving average is $18.64. The firm has a market cap of $2.21 billion, a PE ratio of 36.01, a P/E/G ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a one year low of $13.14 and a one year high of $35.55.
About DoubleVerify
(
Free Report)
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.
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