Clune & Associates LTD. Takes Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Clune & Associates LTD. bought a new position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 35,202 shares of the company's stock, valued at approximately $676,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DV. True Wealth Design LLC acquired a new stake in DoubleVerify during the 3rd quarter worth about $29,000. Smartleaf Asset Management LLC increased its holdings 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 lifted its stake in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares during the period. SG Americas Securities LLC acquired a new stake in DoubleVerify during the fourth quarter valued at $113,000. Finally, KBC Group NV boosted its stake in shares of DoubleVerify by 29.7% during the 4th quarter. KBC Group NV now owns 6,516 shares of the company's stock worth $125,000 after acquiring an additional 1,494 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company's stock.

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Analysts Set New Price Targets

DV has been the topic of several research analyst reports. Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a report on Friday, February 28th. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Barclays lowered their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price target for the company. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $20.00 price objective (down previously from $24.00) on shares of DoubleVerify in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

DoubleVerify Stock Up 0.2 %

DV traded up $0.03 on Tuesday, reaching $14.32. The company had a trading volume of 2,689,230 shares, compared to its average volume of 2,285,526. The stock has a 50-day moving average price of $18.87 and a 200-day moving average price of $18.74. The stock has a market capitalization of $2.38 billion, a PE ratio of 38.70, a P/E/G ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57.

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.