Oppenheimer Asset Management Inc. Reduces Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Oppenheimer Asset Management Inc. decreased its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 32.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 59,843 shares of the company's stock after selling 28,791 shares during the period. Oppenheimer Asset Management Inc.'s holdings in DoubleVerify were worth $1,150,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. True Wealth Design LLC purchased a new stake in shares of DoubleVerify during the third quarter worth about $29,000. GAMMA Investing LLC lifted its holdings in shares of DoubleVerify by 73.6% during 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. Capital Performance Advisors LLP acquired a new stake in shares of DoubleVerify during the third quarter worth about $49,000. KBC Group NV lifted its holdings in shares of DoubleVerify by 35.8% during the third quarter. KBC Group NV now owns 5,022 shares of the company's stock worth $85,000 after purchasing an additional 1,325 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of DoubleVerify by 22.8% during the third quarter. Covestor Ltd now owns 6,643 shares of the company's stock worth $112,000 after purchasing an additional 1,235 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

DoubleVerify Stock Up 0.4 %

Shares of DV stock traded up $0.06 during trading hours on Friday, hitting $15.09. 2,946,941 shares of the company's stock were exchanged, compared to its average volume of 2,151,671. DoubleVerify Holdings, Inc. has a fifty-two week low of $13.42 and a fifty-two week high of $35.57. The firm has a market cap of $2.50 billion, a P/E ratio of 40.77, a P/E/G ratio of 2.63 and a beta of 1.06. The firm has a 50 day moving average of $20.14 and a two-hundred day moving average of $19.18.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DV shares. Raymond James started coverage on DoubleVerify in a report on Wednesday, December 18th. They set an "outperform" rating and a $25.00 target price for the company. Royal Bank of Canada lifted their target price on DoubleVerify from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. JMP Securities reaffirmed a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Bank of America raised DoubleVerify from an "underperform" rating to a "neutral" rating in a report on Friday, February 28th. Finally, Scotiabank initiated coverage on DoubleVerify in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.00.

Insider Buying and Selling

In related news, CFO Nicola T. Allais sold 2,220 shares of the business's 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by company 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.