Allianz SE Makes New Investment in DoubleVerify Holdings, Inc. (NYSE:DV)

Allianz SE bought a new stake in DoubleVerify Holdings, Inc. (NYSE:DV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,112 shares of the company’s stock, valued at approximately $41,000.

A number of other large investors also recently made changes to their positions in DV. Norges Bank acquired a new position in shares of DoubleVerify in the fourth quarter valued at about $33,957,000. JPMorgan Chase & Co. boosted its holdings in DoubleVerify by 9.8% in the 4th quarter. JPMorgan Chase & Co. now owns 708,429 shares of the company’s stock valued at $13,609,000 after purchasing an additional 63,196 shares during the period. WINTON GROUP Ltd acquired a new position in shares of DoubleVerify during the 4th quarter worth approximately $5,702,000. Clune & Associates LTD. acquired a new position in shares of DoubleVerify during the 4th quarter worth approximately $676,000. Finally, Summit Creek Advisors LLC increased its holdings in shares of DoubleVerify by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock worth $7,080,000 after purchasing an additional 1,153 shares during the period. Institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Baird R W cut DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada upped their target price on DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. JMP Securities restated a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a research report on Wednesday, December 11th. Finally, Barclays decreased their target price on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.00.

Insider Buying and Selling

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Trading Up 0.3 %

NYSE:DV opened at $13.38 on Tuesday. The stock’s 50-day moving average is $18.41 and its 200-day moving average is $18.62. DoubleVerify Holdings, Inc. has a 1-year low of $12.81 and a 1-year high of $35.55. The stock has a market cap of $2.22 billion, a P/E ratio of 36.16, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.

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.