Beaconlight Capital LLC Takes Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Beaconlight Capital LLC purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 87,292 shares of the company's stock, valued at approximately $1,677,000. DoubleVerify makes up about 0.6% of Beaconlight Capital LLC's holdings, making the stock its 24th largest position. Beaconlight Capital LLC owned about 0.05% of DoubleVerify as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of DoubleVerify in the fourth quarter worth about $31,579,000. Algert Global LLC lifted its stake in DoubleVerify by 8.8% in the 4th quarter. Algert Global LLC now owns 669,397 shares of the company's stock valued at $12,859,000 after purchasing an additional 54,122 shares during the last quarter. Alta Fox Capital Management LLC bought a new position in DoubleVerify in the 4th quarter valued at approximately $24,267,000. AQR Capital Management LLC boosted its position in DoubleVerify by 29.5% in the fourth quarter. AQR Capital Management LLC now owns 2,602,929 shares of the company's stock valued at $50,002,000 after buying an additional 592,435 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of DoubleVerify by 16.8% during the fourth quarter. Northern Trust Corp now owns 1,117,830 shares of the company's stock worth $21,474,000 after buying an additional 160,406 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DV. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Baird R W cut DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Needham & Company LLC reiterated a "buy" rating and issued a $18.00 price objective on shares of DoubleVerify in a report on Wednesday, April 16th. Barclays reduced their target price on shares of DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Stifel Nicolaus dropped their price target on shares of DoubleVerify from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. 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, the company currently has an average rating of "Hold" and a consensus target price of $19.24.

DoubleVerify Stock Performance

Shares of DV stock remained flat at $13.51 during trading hours on Wednesday. 2,614,185 shares of the stock traded hands, compared to its average volume of 2,445,885. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 36.51, a P/E/G ratio of 2.63 and a beta of 1.03. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $23.11. The company's fifty day simple moving average is $13.50 and its 200 day simple moving average is $17.76.

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.