Dynamic Technology Lab Private Ltd reduced its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,706 shares of the company's stock after selling 97,562 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in DoubleVerify were worth $1,070,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of DV. Smartleaf Asset Management LLC boosted its stake in shares of DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after acquiring an additional 981 shares during the last quarter. GAMMA Investing LLC lifted its holdings in DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares in the last quarter. Allianz SE purchased a new stake in shares of DoubleVerify during the fourth quarter worth $41,000. SG Americas Securities LLC acquired a new stake in shares of DoubleVerify in the fourth quarter valued at about $113,000. Finally, KBC Group NV lifted its stake in shares of DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company's stock worth $125,000 after buying an additional 1,494 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.
DoubleVerify Stock Performance
Shares of NYSE:DV traded down $0.43 on Friday, hitting $12.23. 378,730 shares of the company's stock were exchanged, compared to its average volume of 2,405,641. The firm's 50-day moving average is $16.87 and its 200 day moving average is $18.29. The company has a market capitalization of $2.03 billion, a PE ratio of 33.02, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $33.60.
Insider Buying and Selling at DoubleVerify
In related news, CFO Nicola T. Allais sold 2,220 shares of the 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 completion of the sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price objective on shares of DoubleVerify in a research note on Tuesday, April 1st. Royal Bank of Canada increased their price target on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Robert W. Baird reissued a "neutral" rating and set a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. Finally, Barclays dropped their price objective on shares of 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, eleven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $22.00.
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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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