Hsbc Holdings PLC Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Hsbc Holdings PLC grew its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 51.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,552 shares of the company's stock after acquiring an additional 49,528 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of DoubleVerify worth $2,824,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in shares of DoubleVerify during the 4th quarter valued at about $33,957,000. Rockefeller Capital Management L.P. bought a new position in DoubleVerify during the fourth quarter valued at approximately $14,932,000. Goodman Financial Corp purchased a new position in shares of DoubleVerify during the fourth quarter worth approximately $13,199,000. ZWJ Investment Counsel Inc. bought a new stake in shares of DoubleVerify in the 4th quarter worth approximately $6,568,000. Finally, Trexquant Investment LP boosted its stake in shares of 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 purchasing an additional 322,615 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group dropped 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. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Raymond James dropped their price objective on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $14.00 target price (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given 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 $20.23.

DoubleVerify Stock Up 0.6 %

Shares of NYSE:DV traded up $0.08 during trading on Tuesday, hitting $13.51. The stock had a trading volume of 192,663 shares, compared to its average volume of 2,440,891. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $31.11. The company has a market capitalization of $2.19 billion, a PE ratio of 36.54, a PEG ratio of 2.63 and a beta of 1.03. The firm's fifty day moving average is $13.66 and its 200 day moving average is $17.79.

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.