Geode Capital Management LLC Sells 22,111 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Geode Capital Management LLC lowered its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,277,081 shares of the company's stock after selling 22,111 shares during the period. Geode Capital Management LLC owned 1.35% of DoubleVerify worth $43,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DV. Norges Bank bought a new stake in DoubleVerify during the 4th quarter valued at $33,957,000. Goodman Financial Corp purchased a new stake in shares of DoubleVerify in the fourth quarter worth about $13,199,000. ZWJ Investment Counsel Inc. bought a new stake in DoubleVerify during the 4th quarter worth approximately $6,568,000. Alberta Investment Management Corp purchased a new position in shares of DoubleVerify during the 4th quarter valued at $5,844,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of DoubleVerify in the fourth quarter worth $5,702,000. Institutional investors own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

DV has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Baird R W downgraded DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. Cannonball Research lowered DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price objective on shares of DoubleVerify in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $21.38.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the company'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 sale, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by corporate insiders.

DoubleVerify Stock Performance

Shares of DV traded up $0.40 during midday trading on Friday, hitting $12.47. 2,140,192 shares of the company traded hands, compared to its average volume of 2,431,779. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.63 and a beta of 1.04. The firm has a 50 day moving average of $15.92 and a 200-day moving average of $18.11. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $31.15.

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.