Trexquant Investment LP Has $20.48 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Trexquant Investment LP boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 43.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,066,059 shares of the company’s stock after purchasing an additional 322,615 shares during the period. Trexquant Investment LP owned about 0.63% of DoubleVerify worth $20,479,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of DoubleVerify in the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in DoubleVerify by 168.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after purchasing an additional 981 shares during the last quarter. GAMMA Investing LLC boosted its position in DoubleVerify by 73.6% during the fourth 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. Allianz SE bought a new position in shares of DoubleVerify in the fourth quarter valued at about $41,000. Finally, SG Americas Securities LLC acquired a new stake in shares of DoubleVerify during the 4th quarter worth about $113,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $13.38 on Tuesday. The firm’s fifty day moving average price is $18.41 and its two-hundred day moving average price is $18.62. The stock has a market cap of $2.22 billion, a PE ratio of 36.16, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $35.55.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DV has been the topic of a number of research reports. Scotiabank started coverage on shares of DoubleVerify in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target on the stock. Morgan Stanley dropped their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Barclays decreased their price objective on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Loop Capital downgraded DoubleVerify from a “buy” rating to a “hold” rating and dropped their target price for the stock from $24.00 to $16.00 in a report on Tuesday, March 4th. Finally, Royal Bank of Canada boosted their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. 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, DoubleVerify has an average rating of “Hold” and an average target price of $22.00.

DoubleVerify 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.