Peregrine Capital Management LLC Has $35.75 Million Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Peregrine Capital Management LLC lowered its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,860,914 shares of the company's stock after selling 70,372 shares during the period. DoubleVerify accounts for 1.1% of Peregrine Capital Management LLC's holdings, making the stock its 23rd biggest position. Peregrine Capital Management LLC owned about 1.10% of DoubleVerify worth $35,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in DoubleVerify by 9.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,123,545 shares of the company's stock valued at $69,440,000 after acquiring an additional 360,445 shares during the period. Geneva Capital Management LLC increased its position in DoubleVerify by 2.8% during the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock worth $43,017,000 after buying an additional 69,780 shares during the period. Geode Capital Management LLC increased its position in 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 buying an additional 10,696 shares during the period. Principal Financial Group Inc. increased its position in DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after buying an additional 94,095 shares during the period. Finally, Brown Capital Management LLC increased its position in DoubleVerify by 0.5% during the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company's stock worth $29,683,000 after buying an additional 7,975 shares during the period. Institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DV shares. JPMorgan Chase & Co. lowered their price objective on DoubleVerify from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. JMP Securities reiterated a "market outperform" rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Raymond James started coverage on DoubleVerify in a research report on Wednesday, December 18th. They set an "outperform" rating and a $25.00 price objective on the stock. Royal Bank of Canada increased their price objective on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Finally, Canaccord Genuity Group reduced their target price on DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.00.

DoubleVerify Trading Down 2.9 %

DV stock traded down $0.66 during mid-day trading on Friday, reaching $21.70. The company's stock had a trading volume of 1,164,159 shares, compared to its average volume of 1,389,372. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 58.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. The business's 50 day moving average price is $20.50 and its 200 day moving average price is $19.23. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00.

DoubleVerify announced that its Board of Directors has authorized a share buyback program on Wednesday, November 6th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify 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 completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,761,439.82. The trade was a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.