Aigen Investment Management LP Cuts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Aigen Investment Management LP cut its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,501 shares of the company's stock after selling 20,077 shares during the period. Aigen Investment Management LP's holdings in DoubleVerify were worth $1,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in shares of DoubleVerify in the 3rd quarter worth approximately $794,000. GSA Capital Partners LLP lifted its position in shares of DoubleVerify by 280.9% in the 3rd quarter. GSA Capital Partners LLP now owns 72,309 shares of the company's stock worth $1,218,000 after purchasing an additional 53,326 shares during the period. Repertoire Partners LP lifted its position in shares of DoubleVerify by 1,041.7% in the 3rd quarter. Repertoire Partners LP now owns 685,000 shares of the company's stock worth $11,535,000 after purchasing an additional 625,000 shares during the period. Geode Capital Management LLC lifted its position in shares of DoubleVerify by 0.5% in the 3rd 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 period. Finally, Geneva Capital Management LLC lifted its position in shares of DoubleVerify by 2.8% in the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock worth $43,017,000 after purchasing an additional 69,780 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

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DoubleVerify Stock Up 0.4 %

DV stock traded up $0.06 during midday trading on Friday, reaching $15.09. 2,946,941 shares of the company's stock traded hands, compared to its average volume of 2,151,671. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 2.63 and a beta of 1.06. The firm's fifty day moving average price is $20.05 and its 200-day moving average price is $19.15. DoubleVerify Holdings, Inc. has a 52 week low of $13.42 and a 52 week high of $35.57.

Analysts Set New Price Targets

DV has been the topic of a number of recent analyst reports. Scotiabank initiated coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price target on the stock. Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Raymond James initiated coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price objective for the company. Loop Capital lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their price objective for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Finally, Barclays lowered their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 transaction, the chief financial officer now directly owns 85,882 shares of the company's stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.