Intech Investment Management LLC Increases Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Intech Investment Management LLC increased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 152.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,551 shares of the company's stock after acquiring an additional 252,042 shares during the quarter. Intech Investment Management LLC owned about 0.25% of DoubleVerify worth $8,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in DoubleVerify in the third quarter worth about $29,000. Smartleaf Asset Management LLC boosted its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC grew its position in DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after purchasing an additional 863 shares during the last quarter. KBC Group NV increased its stake in DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after purchasing an additional 1,325 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of DoubleVerify in the fourth quarter worth $113,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DV. JMP Securities reissued a "market outperform" rating and set a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. Canaccord Genuity Group dropped their price target on DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Scotiabank assumed coverage on DoubleVerify in a research note on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price objective for the company. Barclays dropped their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Finally, Loop Capital lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and reduced their price target for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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Insider Transactions at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company's stock.

DoubleVerify Price Performance

NYSE DV traded down $0.42 on Friday, hitting $14.06. The company had a trading volume of 3,257,880 shares, compared to its average volume of 2,281,863. The company's fifty day moving average price is $19.06 and its 200-day moving average price is $18.80. The company has a market capitalization of $2.33 billion, a PE ratio of 37.99, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 12-month low of $13.42 and a 12-month high of $35.57.

DoubleVerify 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.