Marshall Wace LLP Acquires New Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Marshall Wace LLP bought a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 234,913 shares of the company's stock, valued at approximately $4,513,000. Marshall Wace LLP owned 0.14% of DoubleVerify at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 purchasing an additional 143,773 shares in the last quarter. Geneva Capital Management LLC lifted its position in shares of DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock worth $49,450,000 after purchasing an additional 19,684 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after purchasing an additional 94,095 shares in the last quarter. Norges Bank acquired a new stake in shares of DoubleVerify during the fourth quarter worth about $33,957,000. Finally, Trexquant Investment LP lifted its position in shares of DoubleVerify by 43.4% during the fourth quarter. Trexquant Investment LP now owns 1,066,059 shares of the company's stock worth $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.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.59% of the stock is currently owned by insiders.

DoubleVerify Price Performance

Shares of DV traded down $0.23 during mid-day trading on Wednesday, reaching $13.24. 1,988,842 shares of the company's stock were exchanged, compared to its average volume of 2,428,992. The stock has a market capitalization of $2.15 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The business's fifty day simple moving average is $14.18 and its 200-day simple moving average is $17.87. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $31.11.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Baird R W cut shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Cannonball Research cut shares of DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. The Goldman Sachs Group reduced their target price 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. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. Finally, Canaccord Genuity Group reduced their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, DoubleVerify has an average rating of "Hold" and a consensus 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.