Motley Fool Asset Management LLC Trims Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Motley Fool Asset Management LLC decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 57.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,510 shares of the company's stock after selling 30,387 shares during the period. Motley Fool Asset Management LLC's holdings in DoubleVerify were worth $432,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after purchasing an additional 981 shares during the period. GAMMA Investing LLC increased its stake in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock worth $39,000 after purchasing an additional 863 shares during the period. Allianz SE bought a new stake in DoubleVerify during the 4th quarter valued at about $41,000. SG Americas Securities LLC purchased a new position in shares of DoubleVerify during the fourth quarter worth approximately $113,000. Finally, KBC Group NV increased its holdings in DoubleVerify by 29.7% during the 4th quarter. KBC Group NV now owns 6,516 shares of the company's stock worth $125,000 after purchasing an additional 1,494 shares during the period. 97.29% of the stock is owned by institutional investors.

DoubleVerify Price Performance

NYSE DV traded up $1.51 during trading hours on Wednesday, reaching $13.37. The company's stock had a trading volume of 3,094,061 shares, compared to its average volume of 2,408,489. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.63 and a beta of 1.04. The company's 50-day moving average is $17.05 and its two-hundred day moving average is $18.32. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $33.60.

Remove Ads

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify stock in a transaction dated 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 approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DV shares. Canaccord Genuity Group cut their price objective on shares of DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group reissued a "neutral" rating and issued a $20.00 price objective (down previously from $24.00) on shares of DoubleVerify in a research report on Friday, February 28th. Royal Bank of Canada upped 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. JMP Securities reissued a "market outperform" rating and set a $25.00 price objective on shares of DoubleVerify in a report on Monday, January 27th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price target on shares of DoubleVerify in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $22.00.

DoubleVerify Company 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.