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

Alliancebernstein L.P. grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 154,160 shares of the company’s stock after purchasing an additional 30,948 shares during the period. Alliancebernstein L.P. owned about 0.09% of DoubleVerify worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in DoubleVerify by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock worth $549,000 after acquiring an additional 526 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 during the period. Smartleaf Asset Management LLC increased its holdings in 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 purchasing an additional 981 shares during the period. Summit Creek Advisors LLC lifted its holdings in DoubleVerify by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock worth $7,080,000 after buying an additional 1,153 shares during the period. Finally, KBC Group NV grew its position in shares of DoubleVerify by 29.7% in the 4th quarter. KBC Group NV now owns 6,516 shares of the company’s stock valued at $125,000 after buying an additional 1,494 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DV shares. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of DoubleVerify in a report on Tuesday, April 1st. The Goldman Sachs Group reduced their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Loop Capital cut shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Finally, Canaccord Genuity Group lowered their price objective on DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and a consensus price target of $21.78.

DoubleVerify Trading Up 0.4 %

Shares of NYSE:DV opened at $12.22 on Wednesday. The stock has a market cap of $2.03 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The stock’s fifty day simple moving average is $16.30 and its two-hundred day simple moving average is $18.19. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $31.15.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.

About DoubleVerify

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.