Motley Fool Wealth Management LLC Sells 17,888 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Motley Fool Wealth Management LLC reduced its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,343 shares of the company's stock after selling 17,888 shares during the period. Motley Fool Wealth Management LLC owned about 0.09% of DoubleVerify worth $2,829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Disciplined Growth Investors Inc. MN bought a new position in DoubleVerify during the 3rd quarter valued at about $19,457,000. Goodman Financial Corp acquired a new stake in shares of DoubleVerify during the fourth quarter worth approximately $13,199,000. Repertoire Partners LP raised its stake in shares of 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 acquiring an additional 625,000 shares during the last quarter. ZWJ Investment Counsel Inc. bought a new position in shares of DoubleVerify in the fourth quarter valued at approximately $6,568,000. Finally, Holocene Advisors LP acquired a new position in shares of DoubleVerify in the 3rd quarter worth approximately $5,283,000. Institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Performance

Shares of DoubleVerify stock opened at $13.38 on Tuesday. DoubleVerify Holdings, Inc. has a 52-week low of $12.81 and a 52-week high of $35.55. The business's 50 day simple moving average is $18.41 and its 200 day simple moving average is $18.62. The firm has a market cap of $2.22 billion, a PE ratio of 36.16, a P/E/G ratio of 2.63 and a beta of 1.06.

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Analyst Upgrades and Downgrades

DV has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price objective on DoubleVerify from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $20.00 target price (down from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. Robert W. Baird restated a "neutral" rating and issued a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a research report on Friday. Royal Bank of Canada upped their price target on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Finally, Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, DoubleVerify presently has a consensus rating of "Hold" and an average price target of $22.00.

Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm's 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

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.