Townsend Asset Management Corp NC ADV Acquires 56,248 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Townsend Asset Management Corp NC ADV grew its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 51.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,858 shares of the company's stock after purchasing an additional 56,248 shares during the period. DoubleVerify makes up 1.2% of Townsend Asset Management Corp NC ADV's portfolio, making the stock its 27th biggest holding. Townsend Asset Management Corp NC ADV owned 0.10% of DoubleVerify worth $3,186,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC boosted its position in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after purchasing an additional 981 shares during the period. True Wealth Design LLC acquired a new position in shares of DoubleVerify in the third quarter worth about $29,000. GAMMA Investing LLC increased its position in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after acquiring an additional 863 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of DoubleVerify during the third quarter valued at approximately $49,000. Finally, KBC Group NV lifted its position in shares of DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after acquiring an additional 1,325 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the business's 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 transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.00% of the company's stock.

DoubleVerify Trading Up 0.7 %

DoubleVerify stock traded up $0.11 on Monday, reaching $15.19. 3,369,562 shares of the stock were exchanged, compared to its average volume of 2,178,739. The stock has a market cap of $2.52 billion, a PE ratio of 41.04, a PEG ratio of 2.63 and a beta of 1.06. The firm has a fifty day moving average price of $20.05 and a two-hundred day moving average price of $19.15. DoubleVerify Holdings, Inc. has a twelve month low of $13.42 and a twelve month high of $35.57.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $22.00 target price on shares of DoubleVerify in a research note on Wednesday, December 11th. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. JMP Securities reaffirmed a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a research note on Monday, January 27th. Royal Bank of Canada increased 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. Finally, Scotiabank assumed coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, DoubleVerify currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

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.