AlphaQuest LLC Purchases 73,308 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

AlphaQuest LLC grew its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 233.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,739 shares of the company’s stock after buying an additional 73,308 shares during the quarter. AlphaQuest LLC’s holdings in DoubleVerify were worth $2,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DV. Smartleaf Asset Management LLC raised its position in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of DoubleVerify in the third quarter worth approximately $29,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 863 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of DoubleVerify during the third quarter valued at approximately $49,000. Finally, KBC Group NV lifted its position in DoubleVerify by 35.8% during 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. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Up 0.4 %

Shares of DoubleVerify stock opened at $15.09 on Friday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a twelve month low of $13.42 and a twelve month high of $35.57. The business has a 50-day moving average price of $20.05 and a 200-day moving average price of $19.15.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Scotiabank assumed coverage on DoubleVerify in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Royal Bank of Canada increased their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley decreased their target price on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Stifel Nicolaus set a $20.00 target price on shares of DoubleVerify in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the company’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 sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This represents 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 this link. 3.00% of the stock is currently owned by company insiders.

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.