Bank of Nova Scotia Lowers Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of Nova Scotia lessened its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 189,300 shares of the company's stock after selling 35,084 shares during the period. Bank of Nova Scotia owned 0.11% of DoubleVerify worth $3,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of DoubleVerify by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company's stock valued at $335,816,000 after buying an additional 143,773 shares during the period. Geneva Capital Management LLC increased its stake in 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 acquiring an additional 19,684 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $38,729,000 after purchasing an additional 10,696 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of DoubleVerify by 4.8% during the 3rd 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 period. Finally, Norges Bank acquired a new stake in shares of DoubleVerify during the 4th quarter worth about $33,957,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

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Analysts Set New Price Targets

DV has been the subject of several research analyst reports. Cannonball Research lowered shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. Morgan Stanley lowered their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. 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. JMP Securities restated a "market outperform" rating and set a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Stifel Nicolaus set a $20.00 price objective on DoubleVerify in a research note on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $21.78.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company's stock.

DoubleVerify Trading Up 0.4 %

DV stock traded up $0.05 during trading on Tuesday, hitting $12.22. 1,797,260 shares of the company's stock were exchanged, compared to its average volume of 2,428,290. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $31.15. The business has a 50-day moving average price of $16.30 and a two-hundred day moving average price of $18.19.

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.