Envestnet Asset Management Inc. Purchases 41,022 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Envestnet Asset Management Inc. raised its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 675,275 shares of the company's stock after purchasing an additional 41,022 shares during the period. Envestnet Asset Management Inc. owned 0.40% of DoubleVerify worth $12,972,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DV. Norges Bank bought a new stake in DoubleVerify during the 4th quarter valued at about $33,957,000. Goodman Financial Corp purchased a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $13,199,000. ZWJ Investment Counsel Inc. bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $6,568,000. Trexquant Investment LP raised its holdings in DoubleVerify by 43.4% in the 4th quarter. Trexquant Investment LP now owns 1,066,059 shares of the company's stock worth $20,479,000 after acquiring an additional 322,615 shares during the last quarter. Finally, Alberta Investment Management Corp bought a new position in DoubleVerify in the 4th quarter valued at approximately $5,844,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. The Goldman Sachs Group reduced their target price on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Stifel Nicolaus set a $20.00 price objective on shares of DoubleVerify in a report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Wednesday, April 16th. Robert W. Baird reissued a "neutral" rating and issued a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Finally, Canaccord Genuity Group cut their price target on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.98.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of the company'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 owns 85,882 shares in the company, valued at approximately $1,855,910.02. This 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 hyperlink. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Up 2.4 %

NYSE:DV traded up $0.30 on Tuesday, reaching $12.51. 1,597,807 shares of the company's stock traded hands, compared to its average volume of 2,439,805. The stock has a 50-day simple moving average of $15.30 and a 200-day simple moving average of $18.03. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $31.15. The firm has a market cap of $2.03 billion, a PE ratio of 33.80, a P/E/G ratio of 2.63 and a beta of 1.04.

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.