Inflection Point Investments LLP Invests $3.52 Million in DoubleVerify Holdings, Inc. (NYSE:DV)

Inflection Point Investments LLP 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 183,000 shares of the company's stock, valued at approximately $3,515,000. DoubleVerify comprises 4.8% of Inflection Point Investments LLP's portfolio, making the stock its 9th largest position. Inflection Point Investments LLP owned approximately 0.11% of DoubleVerify as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp acquired a new stake in shares of DoubleVerify during the 3rd quarter worth approximately $384,000. Geode Capital Management LLC boosted its stake in shares of DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after acquiring an additional 10,696 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after acquiring an additional 94,095 shares during the period. JPMorgan Chase & Co. raised its holdings in DoubleVerify by 77.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 645,233 shares of the company's stock worth $10,866,000 after purchasing an additional 282,051 shares during the period. Finally, GAMMA Investing LLC boosted its position in DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after purchasing an additional 863 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the 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 completion of the sale, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

DoubleVerify Trading Up 3.3 %

Shares of NYSE DV traded up $0.40 during mid-day trading on Friday, reaching $12.47. The company had a trading volume of 2,140,192 shares, compared to its average volume of 2,436,093. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $31.15. The stock has a market cap of $2.07 billion, a P/E ratio of 33.69, a PEG ratio of 2.63 and a beta of 1.04. The firm has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $18.08.

Analyst Upgrades and Downgrades

DV has been the subject of a number of research analyst reports. Stifel Nicolaus set a $20.00 price objective on shares of DoubleVerify in a research report on Friday, February 28th. Loop Capital downgraded DoubleVerify from a "buy" rating to a "hold" rating and reduced their price objective for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Baird R W cut shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. JMP Securities reiterated a "market outperform" rating and issued a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Royal Bank of Canada boosted their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.38.

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.