Victory Capital Management Inc. Raises Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Victory Capital Management Inc. raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 646.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 207,203 shares of the company's stock after acquiring an additional 179,439 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of DoubleVerify worth $3,980,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DV. State of New Jersey Common Pension Fund D boosted its position in DoubleVerify by 4.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 101,670 shares of the company's stock valued at $1,712,000 after acquiring an additional 3,989 shares in the last quarter. KBC Group NV boosted its position 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 acquiring an additional 1,325 shares in the last quarter. ING Groep NV bought a new stake in DoubleVerify during the 3rd quarter valued at approximately $7,378,000. Cornercap Investment Counsel Inc. bought a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $222,000. Finally, Quest Partners LLC boosted its position in shares of DoubleVerify by 209,440.0% in the 3rd quarter. Quest Partners LLC now owns 31,431 shares of the company's stock worth $529,000 after purchasing an additional 31,416 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.00% of the stock is currently owned by company insiders.

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DoubleVerify Price Performance

Shares of NYSE:DV traded up $0.20 during midday trading on Wednesday, hitting $14.70. The company had a trading volume of 1,176,375 shares, compared to its average volume of 2,265,958. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 39.69, 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. The company has a fifty day moving average of $19.39 and a two-hundred day moving average of $18.91.

Analyst Upgrades and Downgrades

DV has been the topic of a number of analyst reports. JMP Securities reissued a "market outperform" rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Royal Bank of Canada boosted their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and dropped their price target for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Scotiabank initiated coverage on DoubleVerify in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price target on the stock. Finally, Barclays dropped their price target on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.