Rockefeller Capital Management L.P. Invests $14.93 Million in DoubleVerify Holdings, Inc. (NYSE:DV)

Rockefeller Capital Management L.P. purchased a new position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 777,274 shares of the company's stock, valued at approximately $14,932,000. Rockefeller Capital Management L.P. owned approximately 0.46% of DoubleVerify at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in DV. M&T Bank Corp bought a new stake in DoubleVerify in the third quarter worth about $384,000. Geode Capital Management LLC raised its holdings in shares of DoubleVerify by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after purchasing an additional 10,696 shares in the last quarter. Principal Financial Group Inc. lifted its stake in DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after purchasing an additional 94,095 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in DoubleVerify by 77.7% during the third quarter. JPMorgan Chase & Co. now owns 645,233 shares of the company's stock worth $10,866,000 after buying an additional 282,051 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after buying an additional 863 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now directly 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 at the SEC website. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DV. The Goldman Sachs Group cut their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a research report on Monday, April 14th. Morgan Stanley cut their price objective on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. JMP Securities reiterated a "market outperform" rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Cannonball Research lowered DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, DoubleVerify presently has a consensus rating of "Hold" and an average price target of $21.38.

DoubleVerify Stock Performance

Shares of NYSE DV traded up $0.40 during mid-day trading on Friday, reaching $12.47. 2,140,192 shares of the company traded hands, compared to its average volume of 2,438,384. The company's fifty day moving average is $15.72 and its two-hundred day moving average is $18.10. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $31.15. The stock has a market cap of $2.03 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.

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.