US Bancorp DE Cuts Position in DoubleVerify Holdings, Inc. (NYSE:DV)

US Bancorp DE cut its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,947 shares of the company's stock after selling 29,770 shares during the period. US Bancorp DE's holdings in DoubleVerify were worth $691,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DV. Neo Ivy Capital Management acquired a new position in DoubleVerify during the 3rd quarter valued at about $794,000. GSA Capital Partners LLP boosted its stake in DoubleVerify by 280.9% during the 3rd quarter. GSA Capital Partners LLP now owns 72,309 shares of the company's stock valued at $1,218,000 after purchasing an additional 53,326 shares during the last quarter. Repertoire Partners LP boosted its stake in DoubleVerify by 1,041.7% during the 3rd quarter. Repertoire Partners LP now owns 685,000 shares of the company's stock valued at $11,535,000 after purchasing an additional 625,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after purchasing an additional 10,696 shares during the last quarter. Finally, Geneva Capital Management LLC boosted its stake in DoubleVerify by 2.8% during the 3rd quarter. Geneva Capital Management LLC now owns 2,554,477 shares of the company's stock valued at $43,017,000 after purchasing an additional 69,780 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have issued reports on DV shares. Cannonball Research downgraded DoubleVerify to a "neutral" rating in a research note on Sunday, March 2nd. Scotiabank started coverage on DoubleVerify in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $24.00 price target for the company. Bank of America upgraded DoubleVerify from an "underperform" rating to a "neutral" rating in a research note on Friday, February 28th. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research note on Friday, February 28th. Finally, Canaccord Genuity Group cut their target price on DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, DoubleVerify presently has an average rating of "Moderate Buy" and an average price target of $23.00.

DoubleVerify Stock Performance

DV stock traded down $0.66 during midday trading on Thursday, reaching $13.96. 2,487,236 shares of the company's stock traded hands, compared to its average volume of 2,227,190. The company has a 50-day moving average price of $19.68 and a two-hundred day moving average price of $19.02. DoubleVerify Holdings, Inc. has a 52 week low of $13.42 and a 52 week high of $35.57. The firm has a market capitalization of $2.32 billion, a PE ratio of 37.72, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,071 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $20.51, for a total transaction of $42,476.21. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,761,439.82. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.00% of the company's stock.

About DoubleVerify

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.