First Trust Advisors LP Has $9.69 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

First Trust Advisors LP grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 132.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,493 shares of the company's stock after buying an additional 287,046 shares during the period. First Trust Advisors LP owned 0.30% of DoubleVerify worth $9,691,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DV. Norges Bank bought a new position in shares of DoubleVerify during the fourth quarter worth about $33,957,000. Rockefeller Capital Management L.P. acquired a new position in DoubleVerify in the fourth quarter valued at about $14,932,000. Goodman Financial Corp acquired a new stake in DoubleVerify in the fourth quarter valued at about $13,199,000. ZWJ Investment Counsel Inc. acquired a new position in shares of DoubleVerify during the fourth quarter worth $6,568,000. Finally, Trexquant Investment LP increased its position in DoubleVerify by 43.4% in the 4th quarter. Trexquant Investment LP now owns 1,066,059 shares of the company's stock valued at $20,479,000 after acquiring an additional 322,615 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and reduced their price objective for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Cannonball Research downgraded shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. The Goldman Sachs Group lowered their price target on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus reduced their target price on DoubleVerify from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, 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 research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify currently has an average rating of "Hold" and a consensus target price of $20.83.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.59% of the stock is owned by insiders.

DoubleVerify Trading Down 0.1 %

Shares of DoubleVerify stock traded down $0.02 during mid-day trading on Thursday, hitting $13.24. 2,462,894 shares of the stock were exchanged, compared to its average volume of 2,433,873. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The company has a 50-day simple moving average of $14.00 and a 200 day simple moving average of $17.84. DoubleVerify Holdings, Inc. has a twelve month low of $11.52 and a twelve month high of $31.11.

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.