1,767,652 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Norges Bank

Norges Bank acquired a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,767,652 shares of the company’s stock, valued at approximately $33,957,000. Norges Bank owned 1.04% of DoubleVerify at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DV. Geneva Capital Management LLC lifted 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 valued at $49,450,000 after purchasing an additional 19,684 shares during the period. Neo Ivy Capital Management acquired a new position in shares of DoubleVerify in the 3rd quarter valued at about $794,000. Geode Capital Management LLC lifted 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 buying an additional 10,696 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company’s stock worth $18,694,000 after acquiring an additional 71,000 shares during the period. Finally, Principal Financial Group Inc. raised its position in DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock valued at $34,264,000 after acquiring an additional 94,095 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DV has been the topic of several recent research reports. Loop Capital lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a report on Friday, February 28th. Morgan Stanley cut their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Cannonball Research cut DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Finally, Raymond James started coverage on DoubleVerify in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. One investment 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’s stock. Based on data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Hold” and a consensus price target of $22.00.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $12.45 on Friday. The stock’s 50 day simple moving average is $17.86 and its 200-day simple moving average is $18.49. The stock has a market cap of $2.07 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1-year low of $12.02 and a 1-year high of $33.60.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction dated Tuesday, February 4th. The shares were 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 $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.