220,418 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Purchased by Natixis

Natixis bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 220,418 shares of the company's stock, valued at approximately $4,234,000. Natixis owned about 0.13% of DoubleVerify as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in DoubleVerify in the fourth quarter worth $33,957,000. Rockefeller Capital Management L.P. purchased a new stake in DoubleVerify in the fourth quarter worth $14,932,000. Goodman Financial Corp purchased a new stake in DoubleVerify in the fourth quarter worth $13,199,000. ZWJ Investment Counsel Inc. purchased a new stake in DoubleVerify in the fourth quarter worth $6,568,000. Finally, Trexquant Investment LP increased its stake in DoubleVerify by 43.4% in 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 during the period. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

DoubleVerify stock traded up $0.10 during mid-day trading on Friday, reaching $13.27. 1,267,372 shares of the company traded hands, compared to its average volume of 2,442,900. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $31.11. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 35.86, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. The firm's fifty day moving average is $14.71 and its two-hundred day moving average is $17.96.

Analyst Ratings Changes

DV has been the topic of a number of recent analyst reports. Royal Bank of Canada increased 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. Barclays cut their price target on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Morgan Stanley cut their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird restated a "neutral" rating and set a $14.00 price target (down previously from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Finally, Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. One research 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. According to MarketBeat, DoubleVerify has an average rating of "Hold" and a consensus price target of $20.83.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the 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 sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by company insiders.

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.