Wellington Management Group LLP Grows Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Wellington Management Group LLP lifted its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 415,337 shares of the company's stock after purchasing an additional 49,078 shares during the period. Wellington Management Group LLP owned about 0.25% of DoubleVerify worth $7,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DV. M&T Bank Corp purchased a new stake in shares of DoubleVerify during the 3rd quarter worth $384,000. Geode Capital Management LLC increased its holdings in shares of DoubleVerify by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after acquiring an additional 10,696 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in DoubleVerify during the third quarter worth approximately $794,000. Principal Financial Group Inc. boosted its holdings in DoubleVerify by 4.8% in the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after purchasing an additional 94,095 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of DoubleVerify by 77.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 645,233 shares of the company's stock worth $10,866,000 after buying an additional 282,051 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

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 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 transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.00% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have issued reports on DV shares. Bank of America upgraded shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Canaccord Genuity Group decreased their price objective on DoubleVerify from $30.00 to $26.00 and set a "buy" rating for the company in a report on Friday, February 28th. 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 equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $21.78.

DoubleVerify Stock Up 0.2 %

Shares of DoubleVerify stock traded up $0.02 on Tuesday, hitting $12.19. The company's stock had a trading volume of 802,921 shares, compared to its average volume of 2,420,999. The company has a market capitalization of $2.02 billion, a P/E ratio of 32.95, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $32.44. The firm has a fifty day moving average price of $16.49 and a 200-day moving average price of $18.23.

About DoubleVerify

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.