KLP Kapitalforvaltning AS Purchases Shares of 30,000 DoubleVerify Holdings, Inc. (NYSE:DV)

KLP Kapitalforvaltning AS bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC raised its stake in shares of DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the period. GAMMA Investing LLC grew its holdings in shares of DoubleVerify by 73.6% in the fourth 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 last quarter. SG Americas Securities LLC bought a new stake in shares of DoubleVerify in the 4th quarter worth approximately $113,000. KBC Group NV lifted its holdings in DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company’s stock worth $125,000 after buying an additional 1,494 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of DoubleVerify in the 3rd quarter worth about $132,000. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Down 1.1 %

Shares of NYSE DV opened at $13.36 on Thursday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 36.11, a PEG ratio of 2.63 and a beta of 1.06. The company has a 50 day simple moving average of $18.15 and a two-hundred day simple moving average of $18.56. DoubleVerify Holdings, Inc. has a 12 month low of $12.81 and a 12 month high of $34.39.

Analysts Set New Price Targets

Several brokerages have issued reports on DV. JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Baird R W cut shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $20.00 price objective (down previously from $24.00) on shares of DoubleVerify in a research report on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of DoubleVerify in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, DoubleVerify presently has an average rating of “Hold” and an average target price of $22.00.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

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.