Natixis Purchases New Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Natixis bought a new stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 220,418 shares of the company’s stock, valued at approximately $4,234,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after buying an additional 981 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after purchasing an additional 1,285 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after purchasing an additional 863 shares in the last quarter. Allianz SE purchased a new position in shares of DoubleVerify in the fourth quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of DoubleVerify by 50.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock valued at $75,000 after purchasing an additional 1,317 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on DV shares. Baird R W downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Canaccord Genuity Group cut their price target on DoubleVerify from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada increased their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reissued a “buy” rating and set a $18.00 price objective on shares of DoubleVerify in a research report on Wednesday, April 16th. Finally, Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.98.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Trading Down 2.2 %

Shares of DoubleVerify stock opened at $12.21 on Tuesday. DoubleVerify Holdings, Inc. has a 12 month low of $11.52 and a 12 month high of $31.15. The stock has a 50 day moving average of $15.51 and a 200 day moving average of $18.07. The firm has a market cap of $1.98 billion, a PE ratio of 33.00, a PEG ratio of 2.63 and a beta of 1.04.

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.