DoubleVerify Holdings, Inc. (NYSE:DV) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 152.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 417,551 shares of the company’s stock after buying an additional 252,042 shares during the period. Intech Investment Management LLC’s holdings in DoubleVerify were worth $8,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DV. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in DoubleVerify by 10.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,312 shares of the company’s stock valued at $774,000 after buying an additional 3,740 shares in the last quarter. AlphaQuest LLC increased its stake in shares of DoubleVerify by 233.2% in the 4th quarter. AlphaQuest LLC now owns 104,739 shares of the company’s stock valued at $2,012,000 after purchasing an additional 73,308 shares in the last quarter. Amundi increased its stake in shares of DoubleVerify by 72.3% in the 4th quarter. Amundi now owns 525,922 shares of the company’s stock valued at $10,497,000 after purchasing an additional 220,614 shares in the last quarter. Geneva Capital Management LLC boosted its position in DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Finally, Townsend Asset Management Corp NC ADV increased its position in shares of DoubleVerify by 51.3% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 165,858 shares of the company’s stock valued at $3,186,000 after buying an additional 56,248 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a research report on Wednesday, December 11th. Raymond James assumed coverage on shares of DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 target price on the stock. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Barclays lowered their price objective on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Loop Capital cut DoubleVerify from a “buy” rating to a “hold” rating and reduced their target price for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 sale, the chief financial officer now owns 85,882 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

DoubleVerify Price Performance

NYSE:DV opened at $14.50 on Wednesday. The company’s 50-day moving average is $19.39 and its two-hundred day moving average is $18.91. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 1-year low of $13.42 and a 1-year high of $35.57.

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.