Legal & General Group Plc Sells 25,958 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Legal & General Group Plc lessened its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 388,657 shares of the company's stock after selling 25,958 shares during the quarter. Legal & General Group Plc owned 0.23% of DoubleVerify worth $7,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in DV. Wealth Enhancement Advisory Services LLC increased its stake in shares of DoubleVerify by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company's stock worth $549,000 after purchasing an additional 526 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of DoubleVerify by 6.3% in the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company's stock worth $184,000 after acquiring an additional 571 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after acquiring an additional 863 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after purchasing an additional 981 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its stake in shares of DoubleVerify by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company's stock worth $7,080,000 after purchasing an additional 1,153 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Royal Bank of Canada increased their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Cannonball Research cut shares of DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. Morgan Stanley lowered their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $14.00 price objective (down from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $20.83.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the 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 transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.00% of the stock is owned by company insiders.

DoubleVerify Price Performance

NYSE:DV traded up $0.37 during mid-day trading on Thursday, reaching $13.06. The stock had a trading volume of 211,338 shares, compared to its average volume of 2,430,015. The stock has a market cap of $2.12 billion, a P/E ratio of 35.31, a PEG ratio of 2.63 and a beta of 1.04. The business's 50 day moving average is $15.10 and its 200 day moving average is $17.99. DoubleVerify Holdings, Inc. has a fifty-two week low of $11.52 and a fifty-two week high of $31.15.

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.