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

Summit Creek Advisors LLC boosted its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 0.3% in the 4th quarter, Holdings Channel reports. The fund owned 368,578 shares of the company’s stock after purchasing an additional 1,153 shares during the period. Summit Creek Advisors LLC’s holdings in DoubleVerify were worth $7,080,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DV. Quest Partners LLC grew its stake in DoubleVerify by 209,440.0% in the 3rd quarter. Quest Partners LLC now owns 31,431 shares of the company’s stock worth $529,000 after acquiring an additional 31,416 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of DoubleVerify during the 3rd quarter valued at $2,128,000. Intech Investment Management LLC grew its stake in shares of DoubleVerify by 127.9% during the 3rd quarter. Intech Investment Management LLC now owns 165,509 shares of the company’s stock valued at $2,787,000 after buying an additional 92,900 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DoubleVerify during the 3rd quarter valued at $2,581,000. Finally, Qsemble Capital Management LP purchased a new stake in shares of DoubleVerify during the 3rd quarter valued at $1,921,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DV has been the subject of several research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $20.00 price objective (down from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Scotiabank initiated coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 price objective for the company. Raymond James initiated coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price objective for the company. Cannonball Research cut shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of DoubleVerify in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

DoubleVerify Price Performance

Shares of DV stock opened at $14.06 on Monday. DoubleVerify Holdings, Inc. has a 12 month low of $13.42 and a 12 month high of $35.57. The firm has a market capitalization of $2.33 billion, a P/E ratio of 37.99, a P/E/G ratio of 2.63 and a beta of 1.06. The company’s fifty day moving average price is $19.06 and its two-hundred day moving average price is $18.80.

Insiders Place Their Bets

In other news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

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.