Quantbot Technologies LP Cuts Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Quantbot Technologies LP cut its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 64.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,447 shares of the company's stock after selling 153,423 shares during the period. Quantbot Technologies LP owned approximately 0.05% of DoubleVerify worth $1,641,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DV. Geneva Capital Management LLC lifted its stake in DoubleVerify by 0.8% during the 4th quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company's stock valued at $49,450,000 after acquiring an additional 19,684 shares during the period. Geode Capital Management LLC raised its stake in DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after buying an additional 10,696 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of DoubleVerify by 4.8% in the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after buying an additional 94,095 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in DoubleVerify during the third quarter valued at $19,457,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in DoubleVerify by 0.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,014,038 shares of the company's stock valued at $17,076,000 after acquiring an additional 6,792 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

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DoubleVerify Trading Up 0.2 %

NYSE DV traded up $0.03 on Tuesday, hitting $14.32. 2,689,230 shares of the company's stock traded hands, compared to its average volume of 2,285,526. The firm's 50-day moving average price is $18.97 and its two-hundred day moving average price is $18.77. DoubleVerify Holdings, Inc. has a 1-year low of $13.42 and a 1-year high of $35.57. The firm has a market capitalization of $2.38 billion, a PE ratio of 38.70, a P/E/G ratio of 2.63 and a beta of 1.06.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research report on Sunday, March 2nd. Canaccord Genuity Group reduced their price objective 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. Stifel Nicolaus set a $20.00 price target on DoubleVerify in a report on Friday, February 28th. Loop Capital downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and lowered their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Finally, Barclays dropped their target price on DoubleVerify from $25.00 to $24.00 and set an "overweight" rating for the company in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and an average price target of $23.00.

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.