DoubleVerify Holdings, Inc. (NYSE:DV) Stock Position Boosted by Geneva Capital Management LLC

Geneva Capital Management LLC increased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,574,161 shares of the company's stock after purchasing an additional 19,684 shares during the quarter. Geneva Capital Management LLC owned 1.52% of DoubleVerify worth $49,450,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of DoubleVerify by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after buying an additional 10,696 shares during the period. Principal Financial Group Inc. boosted its holdings in DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after acquiring an additional 94,095 shares during the period. Brown Capital Management LLC boosted its holdings in DoubleVerify by 0.5% in the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company's stock worth $29,683,000 after acquiring an additional 7,975 shares during the period. Disciplined Growth Investors Inc. MN acquired a new stake in DoubleVerify in the third quarter valued at approximately $19,457,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of DoubleVerify by 0.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,014,038 shares of the company's stock valued at $17,076,000 after purchasing an additional 6,792 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

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Insider Activity

In related news, CFO Nicola T. Allais sold 2,071 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total value of $42,476.21. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,761,439.82. This trade represents a 2.35 % 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a report on Friday, February 28th. Royal Bank of Canada lifted their target price on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Barclays reduced their price target on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, February 28th. JMP Securities restated a "market outperform" rating and set a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. 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 research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.00.

DoubleVerify Stock Up 0.7 %

Shares of NYSE:DV traded up $0.11 during trading on Monday, hitting $15.19. 3,369,562 shares of the company traded hands, compared to its average volume of 2,178,739. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.63 and a beta of 1.06. The business's fifty day moving average is $20.05 and its 200-day moving average is $19.15. DoubleVerify Holdings, Inc. has a one year low of $13.42 and a one year high of $35.57.

About DoubleVerify

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.