DoubleVerify Holdings, Inc. (NYSE:DV) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP increased its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 43.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,066,059 shares of the company's stock after acquiring an additional 322,615 shares during the quarter. Trexquant Investment LP owned approximately 0.63% of DoubleVerify worth $20,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in DoubleVerify in the 4th quarter valued at $33,957,000. Disciplined Growth Investors Inc. MN purchased a new stake in shares of DoubleVerify in the third quarter valued at approximately $19,457,000. Goodman Financial Corp purchased a new position in shares of DoubleVerify during the 4th quarter worth $13,199,000. Repertoire Partners LP grew its holdings in shares of DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company's stock valued at $11,535,000 after purchasing an additional 625,000 shares during the period. Finally, ZWJ Investment Counsel Inc. purchased a new position in DoubleVerify during the fourth quarter worth about $6,568,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Loop Capital lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and reduced their price target for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Stifel Nicolaus set a $20.00 price target on DoubleVerify in a report on Friday, February 28th. The Goldman Sachs Group restated a "neutral" rating and issued a $20.00 price objective (down from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. Morgan Stanley dropped their price target on shares of DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Finally, Royal Bank of Canada lifted their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a 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. Based on data from MarketBeat, DoubleVerify currently has a consensus rating of "Hold" and a consensus price target of $22.00.

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DoubleVerify Trading Down 1.5 %

Shares of NYSE:DV traded down $0.20 on Friday, reaching $12.45. 3,155,209 shares of the company were exchanged, compared to its average volume of 2,399,116. The company has a 50-day moving average of $17.86 and a 200-day moving average of $18.49. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1-year low of $12.02 and a 1-year high of $33.60.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the business's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

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.