Rockefeller Capital Management L.P. Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Rockefeller Capital Management L.P. acquired a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 777,274 shares of the company’s stock, valued at approximately $14,932,000.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of DoubleVerify in the fourth quarter worth about $33,957,000. Goodman Financial Corp purchased a new stake in shares of DoubleVerify during the 4th quarter worth approximately $13,199,000. ZWJ Investment Counsel Inc. bought a new position in shares of DoubleVerify during the 4th quarter valued at approximately $6,568,000. Trexquant Investment LP grew its holdings in shares of DoubleVerify by 43.4% in the fourth 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. Finally, Alberta Investment Management Corp purchased a new position in shares of DoubleVerify in the fourth quarter valued at $5,844,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Down 3.3 %

DV opened at $12.16 on Tuesday. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $32.44. The company has a market capitalization of $2.02 billion, a P/E ratio of 32.86, a PEG ratio of 2.63 and a beta of 1.04. The stock’s fifty day moving average is $16.49 and its two-hundred day moving average is $18.23.

Wall Street Analyst Weigh In

Several equities analysts have commented on DV shares. Cannonball Research lowered shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Raymond James started coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. JMP Securities reissued a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research note on Monday, January 27th. Baird R W lowered DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Finally, Robert W. Baird reissued a “neutral” rating and set a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.78.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

DoubleVerify Company Profile

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.