DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,062 shares of the company's stock after selling 158,810 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of DoubleVerify worth $2,409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in DoubleVerify in the fourth quarter worth about $33,957,000. Goodman Financial Corp bought a new position in shares of DoubleVerify during the 4th quarter worth approximately $13,199,000. ZWJ Investment Counsel Inc. purchased a new stake in DoubleVerify during the fourth quarter valued at approximately $6,568,000. Trexquant Investment LP lifted its position in DoubleVerify by 43.4% during the fourth quarter. Trexquant Investment LP now owns 1,066,059 shares of the company's stock valued at $20,479,000 after acquiring an additional 322,615 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in DoubleVerify in the fourth quarter valued at approximately $5,844,000. 97.29% of the stock is currently owned by institutional investors.

DoubleVerify Price Performance

DV stock traded up $0.35 during midday trading on Thursday, hitting $13.04. 177,139 shares of the stock traded hands, compared to its average volume of 2,429,906. DoubleVerify Holdings, Inc. has a 1-year low of $11.52 and a 1-year high of $31.15. The stock's fifty day simple moving average is $15.10 and its 200-day simple moving average is $17.99. The firm has a market cap of $2.12 billion, a P/E ratio of 35.18, a PEG ratio of 2.63 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a report on Friday, March 28th. The Goldman Sachs Group lowered their price target on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday, April 14th. Needham & Company LLC restated a "buy" rating and set a $18.00 price objective on shares of DoubleVerify in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Finally, Morgan Stanley dropped their target price on shares of DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.83.

Insider Activity

In other 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company's stock.

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.