DoubleVerify Holdings, Inc. (NYSE:DV) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 71.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 259,900 shares of the company’s stock after acquiring an additional 108,700 shares during the period. Canada Pension Plan Investment Board’s holdings in DoubleVerify were worth $4,993,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC boosted its position in DoubleVerify by 73.6% during 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 in the last quarter. Quadrant Capital Group LLC grew its holdings in DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after purchasing an additional 1,285 shares during the period. Allianz SE purchased a new stake in shares of DoubleVerify in the fourth quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock worth $75,000 after buying an additional 1,317 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

DV has been the topic of a number of research analyst reports. Loop Capital cut shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their price target for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Cannonball Research cut shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Royal Bank of Canada upped their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group lowered their price objective on DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.98.

DoubleVerify Price Performance

DoubleVerify stock opened at $12.51 on Wednesday. The stock’s 50 day moving average price is $15.30 and its 200 day moving average price is $18.03. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $31.15. The company has a market cap of $2.03 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.

Insiders Place Their Bets

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction 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 completion of 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.00% of the company’s stock.

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.