Edgestream Partners L.P. Has $2.51 Million Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Edgestream Partners L.P. trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 61.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,815 shares of the company's stock after selling 209,487 shares during the quarter. Edgestream Partners L.P. owned 0.08% of DoubleVerify worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneva Capital Management LLC boosted its position in 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 purchasing an additional 19,684 shares in the last quarter. Geode Capital Management LLC lifted its holdings in DoubleVerify by 0.5% during the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after purchasing an additional 10,696 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock worth $34,264,000 after purchasing an additional 94,095 shares during the last quarter. Brown Capital Management LLC lifted its stake in DoubleVerify by 0.5% in the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company's stock valued at $29,683,000 after buying an additional 7,975 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN acquired a new stake in shares of DoubleVerify in the third quarter worth approximately $19,457,000. Institutional investors and hedge funds own 97.29% of the company's stock.

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Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,071 shares of DoubleVerify stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total value of $42,476.21. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,761,439.82. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by insiders.

DoubleVerify Price Performance

NYSE DV traded down $0.66 on Thursday, reaching $13.96. The company had a trading volume of 2,487,199 shares, compared to its average volume of 2,227,182. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57. The firm has a 50-day moving average of $19.79 and a 200-day moving average of $19.06. The firm has a market capitalization of $2.32 billion, a PE ratio of 37.72, a P/E/G ratio of 2.63 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $25.00 price target on shares of DoubleVerify in a research report on Monday, January 27th. Royal Bank of Canada lifted their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Loop Capital downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating and dropped their price objective for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Morgan Stanley lowered their target price on shares of DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, Barclays reduced 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 equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, DoubleVerify presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

DoubleVerify 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.