Summit Creek Advisors LLC Boosts Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Summit Creek Advisors LLC boosted its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 368,578 shares of the company’s stock after buying an additional 1,153 shares during the quarter. Summit Creek Advisors LLC owned approximately 0.22% of DoubleVerify worth $7,080,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DV. Vanguard Group Inc. grew its holdings in shares of DoubleVerify by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock worth $335,816,000 after purchasing an additional 143,773 shares during the last quarter. Geneva Capital Management LLC grew its holdings in shares of DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of DoubleVerify by 0.5% during the third 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 during the last quarter. Principal Financial Group Inc. grew its holdings in shares of DoubleVerify by 4.8% during the third quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock worth $34,264,000 after buying an additional 94,095 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify during the third quarter worth about $19,457,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 2.9 %

DV stock opened at $14.06 on Monday. The firm has a 50 day moving average of $19.06 and a 200-day moving average of $18.80. DoubleVerify Holdings, Inc. has a 12-month low of $13.42 and a 12-month high of $35.57. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.63 and a beta of 1.06.

Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DV. Cannonball Research lowered DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. Canaccord Genuity Group lowered their price target on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Morgan Stanley lowered their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada raised their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Barclays lowered their price target on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.