Alliancebernstein L.P. Purchases 30,948 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Alliancebernstein L.P. boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,160 shares of the company’s stock after buying an additional 30,948 shares during the quarter. Alliancebernstein L.P.’s holdings in DoubleVerify were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in DV. M&T Bank Corp bought a new position in DoubleVerify in the 3rd quarter worth approximately $384,000. Geode Capital Management LLC boosted its holdings in shares of DoubleVerify by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock worth $38,729,000 after acquiring an additional 10,696 shares during the period. Principal Financial Group Inc. raised its stake in shares of DoubleVerify by 4.8% during the 3rd 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 during the period. JPMorgan Chase & Co. lifted its holdings in 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 purchasing an additional 282,051 shares in the last quarter. Finally, GAMMA Investing LLC boosted 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 purchasing an additional 863 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DV has been the topic of several analyst reports. The Goldman Sachs Group decreased their price target on DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a research report on Monday. JMP Securities reiterated a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a research note on Monday, January 27th. Royal Bank of Canada boosted their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Morgan Stanley lowered their price objective on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DoubleVerify has a consensus rating of “Hold” and a consensus target price of $21.78.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 85,882 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $12.22 on Wednesday. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $31.15. The company’s 50 day moving average price is $16.30 and its 200-day moving average price is $18.19. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.63 and a beta of 1.04.

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.