Versor Investments LP Sells 33,300 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Versor Investments LP decreased its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 73.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,822 shares of the company's stock after selling 33,300 shares during the period. Versor Investments LP's holdings in DoubleVerify were worth $227,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DV. True Wealth Design LLC bought a new stake in shares of DoubleVerify in the third quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of DoubleVerify in the third quarter valued at approximately $49,000. KBC Group NV raised its position in shares of DoubleVerify by 35.8% in the third quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after purchasing an additional 1,325 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of DoubleVerify in the fourth quarter valued at approximately $113,000. Institutional investors own 97.29% of the company's stock.

Insider Activity

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

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Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DV shares. Canaccord Genuity Group lowered their price target on shares of DoubleVerify from $30.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Bank of America raised shares of DoubleVerify from an "underperform" rating to a "neutral" rating in a research report on Friday, February 28th. Needham & Company LLC reissued a "buy" rating and issued a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Loop Capital lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their target price for the stock from $24.00 to $16.00 in a report on Tuesday. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $20.00 target price (down previously from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.00.

DoubleVerify Price Performance

DV stock traded up $0.06 during midday trading on Friday, reaching $15.09. The company had a trading volume of 2,946,941 shares, compared to its average volume of 2,151,671. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57. The company has a market capitalization 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 price of $20.14 and a 200-day moving average price of $19.18.

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.