Canada Pension Plan Investment Board Grows Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Canada Pension Plan Investment Board raised its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 71.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,900 shares of the company's stock after purchasing an additional 108,700 shares during the quarter. Canada Pension Plan Investment Board owned 0.15% of DoubleVerify worth $4,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DV. Vanguard Group Inc. increased its position in shares of DoubleVerify by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock worth $335,816,000 after acquiring an additional 143,773 shares during the period. Geneva Capital Management LLC raised its position in DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of DoubleVerify by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after buying an additional 10,696 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after buying an additional 94,095 shares during the period. Finally, Norges Bank purchased a new stake in shares of DoubleVerify in the 4th quarter worth $33,957,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents 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 hyperlink. 3.00% of the stock is currently owned by company insiders.

DoubleVerify Stock Up 0.6 %

Shares of DV traded up $0.08 during mid-day trading on Monday, reaching $13.36. The company had a trading volume of 1,317,510 shares, compared to its average volume of 2,438,399. The stock has a market capitalization of $2.17 billion, a P/E ratio of 36.11, a PEG ratio of 2.63 and a beta of 1.04. The stock has a 50 day moving average of $14.53 and a two-hundred day moving average of $17.93. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $31.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DV shares. The Goldman Sachs Group lowered their target price on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Morgan Stanley lowered their target price on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Royal Bank of Canada upped their target price on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Canaccord Genuity Group reduced their price target on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Cannonball Research lowered DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.83.

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.