Bank of New York Mellon Corp Sells 120,211 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of New York Mellon Corp lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,232,214 shares of the company's stock after selling 120,211 shares during the quarter. Bank of New York Mellon Corp owned about 0.73% of DoubleVerify worth $23,671,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in DoubleVerify by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company's stock worth $549,000 after buying an additional 526 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 in the last quarter. Covestor Ltd raised its stake in DoubleVerify by 22.8% during the 3rd quarter. Covestor Ltd now owns 6,643 shares of the company's stock valued at $112,000 after purchasing an additional 1,235 shares during the period. Janus Henderson Group PLC lifted its holdings in DoubleVerify by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 367,314 shares of the company's stock worth $6,185,000 after purchasing an additional 1,279 shares in the last quarter. Finally, KBC Group NV boosted its stake in DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock worth $85,000 after purchasing an additional 1,325 shares during the period. 97.29% of the stock is owned by hedge funds and other institutional investors.

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DoubleVerify Stock Performance

DoubleVerify stock traded down $0.66 during trading hours on Thursday, hitting $13.96. The company had a trading volume of 1,892,765 shares, compared to its average volume of 2,205,622. The firm has a market cap of $2.32 billion, a P/E ratio of 37.72, a P/E/G ratio of 2.63 and a beta of 1.06. The company has a 50-day moving average price of $19.79 and a two-hundred day moving average price of $19.06. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57.

Insider Activity at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total transaction of $47,974.20. Following the transaction, the chief financial officer now owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DV has been the topic of several research analyst reports. Barclays decreased their price target on shares of DoubleVerify from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Cannonball Research lowered DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. Loop Capital cut DoubleVerify from a "buy" rating to a "hold" rating and cut their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Scotiabank started coverage on DoubleVerify in a report on Thursday, December 5th. They set a "sector outperform" rating and a $24.00 price objective on the stock. Finally, Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

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.