Canada Pension Plan Investment Board Increases Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Canada Pension Plan Investment Board lifted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 71.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 259,900 shares of the company’s stock after buying an additional 108,700 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.15% of DoubleVerify worth $4,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after acquiring an additional 981 shares during the period. GAMMA Investing LLC increased its holdings in DoubleVerify by 73.6% during 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 during the period. Quadrant Capital Group LLC raised its position 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 in the last quarter. Allianz SE purchased a new stake in shares of DoubleVerify in the 4th quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd grew its position in shares of DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock worth $75,000 after buying an additional 1,317 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Stock Performance

Shares of DV opened at $12.51 on Wednesday. The stock has a 50-day moving average of $15.30 and a two-hundred day moving average of $18.03. The stock has a market cap of $2.03 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $31.15.

Analyst Upgrades and Downgrades

DV has been the subject of several recent research reports. Barclays decreased their price objective on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group reduced their price target on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating for the company in a report on Monday, April 14th. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Royal Bank of Canada boosted their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research report on Friday, February 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, the stock presently has an average rating of “Hold” and an average price target of $20.98.

Insider Buying and Selling

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.