687,107 Shares in DoubleVerify Holdings, Inc. (NYSE:DV) Acquired by Goodman Financial Corp

Goodman Financial Corp purchased a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 687,107 shares of the company’s stock, valued at approximately $13,199,000. DoubleVerify makes up about 2.8% of Goodman Financial Corp’s holdings, making the stock its 20th biggest position. Goodman Financial Corp owned about 0.41% of DoubleVerify at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 buying an additional 19,684 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of DoubleVerify during the 3rd quarter worth approximately $794,000. Repertoire Partners LP raised its holdings in shares of DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock valued at $11,535,000 after purchasing an additional 625,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of DoubleVerify by 0.5% in 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in 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 purchasing an additional 94,095 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DV has been the topic of several analyst reports. Cannonball Research cut shares of DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Raymond James assumed coverage on DoubleVerify in a research report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 target price on the stock. Canaccord Genuity Group reduced their price target on DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Royal Bank of Canada boosted their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Barclays cut their price objective on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $14.49 on Friday. DoubleVerify Holdings, Inc. has a 52-week low of $13.42 and a 52-week high of $35.57. The stock has a market cap of $2.40 billion, a PE ratio of 39.15, a PEG ratio of 2.63 and a beta of 1.06. The firm has a 50-day moving average of $19.17 and a 200-day moving average of $18.85.

Insider Buying and Selling at DoubleVerify

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 transaction, the chief financial officer now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.00% of the company’s stock.

About DoubleVerify

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.