30,000 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of DoubleVerify by 2.8% during the 4th quarter. Sei Investments Co. now owns 412,668 shares of the company's stock worth $7,927,000 after acquiring an additional 11,342 shares during the period. Goodman Financial Corp acquired a new position in shares of DoubleVerify in the fourth quarter valued at approximately $13,199,000. Intech Investment Management LLC boosted its stake in DoubleVerify by 152.3% in the 4th quarter. Intech Investment Management LLC now owns 417,551 shares of the company's stock valued at $8,021,000 after purchasing an additional 252,042 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DoubleVerify by 10.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,312 shares of the company's stock worth $774,000 after buying an additional 3,740 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in shares of DoubleVerify by 233.2% in the fourth quarter. AlphaQuest LLC now owns 104,739 shares of the company's stock valued at $2,012,000 after acquiring an additional 73,308 shares during the period. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Down 1.5 %

Shares of DV traded down $0.20 during trading hours on Friday, reaching $12.45. 3,155,209 shares of the stock traded hands, compared to its average volume of 2,395,902. DoubleVerify Holdings, Inc. has a 52 week low of $12.02 and a 52 week high of $33.60. The stock has a fifty day simple moving average of $17.86 and a 200 day simple moving average of $18.49. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.63 and a beta of 1.04.

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Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DV. Barclays cut their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price target on shares of DoubleVerify in a research note on Tuesday. The Goldman Sachs Group reissued a "neutral" rating and set a $20.00 target price (down from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. Finally, Morgan Stanley lowered their price objective on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. One 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.00.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company's stock.

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.