Alta Fox Capital Management LLC Takes Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Alta Fox Capital Management LLC purchased a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,263,234 shares of the company's stock, valued at approximately $24,267,000. DoubleVerify accounts for approximately 8.6% of Alta Fox Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Alta Fox Capital Management LLC owned 0.75% of DoubleVerify as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DV. Vanguard Group Inc. lifted its position in shares of DoubleVerify by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after acquiring an additional 143,773 shares in the last quarter. AQR Capital Management LLC raised its position in shares of DoubleVerify by 29.5% during 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 during the last quarter. Geneva Capital Management LLC lifted its holdings in shares of DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after buying an additional 19,684 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DoubleVerify by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,121,416 shares of the company's stock worth $40,754,000 after acquiring an additional 10,803 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in DoubleVerify by 4.8% in the 3rd 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 during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Performance

NYSE:DV traded up $0.65 during midday trading on Thursday, reaching $14.19. 2,163,947 shares of the stock traded hands, compared to its average volume of 2,445,270. DoubleVerify Holdings, Inc. has a 12-month low of $11.52 and a 12-month high of $23.11. The business has a 50-day moving average of $13.49 and a two-hundred day moving average of $17.73. The stock has a market capitalization of $2.31 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 2.63 and a beta of 1.03.

Analyst Ratings Changes

Several brokerages have recently issued reports on DV. JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Robert W. Baird reiterated a "neutral" rating and set a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. The Goldman Sachs Group decreased their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Baird R W cut shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Needham & Company LLC restated a "buy" rating and set a $18.00 target price on shares of DoubleVerify in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $19.24.

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.