DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 493,755 shares of the company's stock after selling 38,747 shares during the quarter. Invesco Ltd. owned 0.29% of DoubleVerify worth $9,485,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DV. Cerity Partners LLC increased its holdings in DoubleVerify by 16.6% in the fourth quarter. Cerity Partners LLC now owns 68,811 shares of the company's stock valued at $1,308,000 after buying an additional 9,804 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of DoubleVerify by 6.3% in the 4th quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock valued at $184,000 after acquiring an additional 571 shares during the last quarter. Aster Capital Management DIFC Ltd raised its position in shares of DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after acquiring an additional 1,317 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock worth $39,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in DoubleVerify by 6.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 675,275 shares of the company's stock valued at $12,972,000 after purchasing an additional 41,022 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

DoubleVerify Stock Up 0.8 %

Shares of DoubleVerify stock traded up $0.10 during trading on Friday, hitting $13.27. 1,267,372 shares of the company were exchanged, compared to its average volume of 2,442,900. The firm has a 50 day moving average price of $14.71 and a 200 day moving average price of $17.95. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $31.11.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DV. The Goldman Sachs Group cut their price objective on shares of DoubleVerify from $20.00 to $15.50 and set a "neutral" rating on the stock in a report on Monday, April 14th. JMP Securities reiterated a "market outperform" rating and set a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Canaccord Genuity Group decreased their price objective on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Cannonball Research cut shares of DoubleVerify to a "neutral" rating in a report on Sunday, March 2nd. Finally, Barclays reduced their price objective on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.83.

Insider Activity

In related news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction that occurred 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 owns 85,882 shares of the company's stock, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company's stock.

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.