Quantbot Technologies LP lessened its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 64.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,447 shares of the company's stock after selling 153,423 shares during the quarter. Quantbot Technologies LP owned about 0.05% of DoubleVerify worth $1,641,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Geneva Capital Management LLC grew its position in shares of 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. Neo Ivy Capital Management purchased a new position in DoubleVerify during the 3rd quarter worth $794,000. Repertoire Partners LP increased its stake in DoubleVerify by 1,041.7% in the third quarter. Repertoire Partners LP now owns 685,000 shares of the company's stock valued at $11,535,000 after purchasing an additional 625,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of DoubleVerify by 0.5% in the third 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. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company's stock worth $18,694,000 after buying an additional 71,000 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.
Insider Activity
In other news, CFO Nicola T. Allais sold 2,220 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This 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 is available through the SEC website. Company insiders own 3.00% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on DV shares. Royal Bank of Canada boosted their price target on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Morgan Stanley dropped their target price on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. JMP Securities restated a "market outperform" rating and set a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Raymond James assumed coverage on shares of DoubleVerify in a research report on Wednesday, December 18th. They issued an "outperform" rating and a $25.00 price objective on the stock. Finally, Loop Capital downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and cut their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $22.00.
View Our Latest Report on DV
DoubleVerify Stock Down 4.8 %
Shares of DoubleVerify stock traded down $0.67 on Friday, hitting $13.33. The company's stock had a trading volume of 3,306,139 shares, compared to its average volume of 2,384,070. The firm has a fifty day moving average price of $18.65 and a 200-day moving average price of $18.67. DoubleVerify Holdings, Inc. has a 52-week low of $13.14 and a 52-week high of $35.55. The company has a market capitalization of $2.21 billion, a P/E ratio of 36.01, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.
About DoubleVerify
(
Free Report)
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.
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