Intech Investment Management LLC Purchases 252,042 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Intech Investment Management LLC grew its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 152.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 417,551 shares of the company’s stock after buying an additional 252,042 shares during the quarter. Intech Investment Management LLC owned 0.25% of DoubleVerify worth $8,021,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in DoubleVerify by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock worth $549,000 after buying an additional 526 shares during the period. GAMMA Investing LLC grew its stake in DoubleVerify by 73.6% in the 4th 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. Smartleaf Asset Management LLC increased its position in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after acquiring an additional 981 shares during the period. Janus Henderson Group PLC raised its stake in shares of DoubleVerify by 0.3% during the third quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock valued at $6,185,000 after acquiring an additional 1,279 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company’s stock valued at $85,000 after purchasing an additional 1,325 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DV. Morgan Stanley decreased their target price on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price objective on shares of DoubleVerify in a report on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Canaccord Genuity Group reduced their price target on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 28th. Finally, Raymond James began coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 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 issued a buy rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Insider Activity at DoubleVerify

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

DoubleVerify Stock Performance

Shares of DV opened at $14.50 on Wednesday. The stock has a 50-day moving average of $19.39 and a two-hundred day moving average of $18.91. The stock has a market cap of $2.41 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a one year low of $13.42 and a one year high of $35.57.

DoubleVerify 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.