Jennison Associates LLC Acquires 843,045 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Jennison Associates LLC raised its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 426.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,040,759 shares of the company's stock after purchasing an additional 843,045 shares during the period. Jennison Associates LLC owned 0.61% of DoubleVerify worth $38,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC raised its stake in shares of DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company's stock worth $40,000 after purchasing an additional 498 shares in the last quarter. Guinness Atkinson Asset Management Inc purchased a new stake in shares of DoubleVerify during the 3rd quarter worth about $34,000. Huntington National Bank raised its stake in shares of DoubleVerify by 41.6% in the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company's stock valued at $42,000 after acquiring an additional 439 shares in the last quarter. Park Place Capital Corp raised its stake in shares of DoubleVerify by 146.7% in the 4th quarter. Park Place Capital Corp now owns 1,586 shares of the company's stock valued at $58,000 after acquiring an additional 943 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in shares of DoubleVerify in the 4th quarter valued at approximately $59,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised their price objective on DoubleVerify from $40.00 to $49.00 and gave the company an "outperform" rating in a research note on Tuesday, February 27th. Truist Financial cut their price objective on DoubleVerify from $43.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, February 29th. KeyCorp raised their price objective on DoubleVerify from $40.00 to $48.00 and gave the company an "overweight" rating in a research note on Monday, February 26th. TheStreet raised DoubleVerify from a "d+" rating to a "c-" rating in a research report on Thursday, February 29th. Finally, Bank of America dropped their price target on DoubleVerify from $47.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.50.

DoubleVerify Stock Down 2.1 %

NYSE:DV traded down $0.65 during trading hours on Thursday, reaching $30.14. The company had a trading volume of 1,579,054 shares, compared to its average volume of 1,801,763. The stock has a 50-day moving average of $33.93 and a two-hundred day moving average of $34.15. DoubleVerify Holdings, Inc. has a one year low of $26.23 and a one year high of $43.00. The firm has a market capitalization of $5.18 billion, a PE ratio of 73.51, a PEG ratio of 3.26 and a beta of 1.04.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The firm had revenue of $172.23 million for the quarter, compared to analysts' expectations of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. As a group, sell-side analysts expect that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current year.

Insider Transactions at DoubleVerify

In other news, insider Julie Eddleman sold 900 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total transaction of $27,270.00. Following the sale, the insider now owns 137,668 shares in the company, valued at $4,171,340.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other DoubleVerify news, insider Andrew E. Grimmig sold 50,924 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $33.51, for a total value of $1,706,463.24. Following the transaction, the insider now owns 39,468 shares of the company's stock, valued at $1,322,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Julie Eddleman sold 900 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the transaction, the insider now directly owns 137,668 shares in the company, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 91,531 shares of company stock worth $3,043,004. Insiders own 3.27% of the company's stock.

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.