Johnson Investment Counsel Inc. Trims Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Johnson Investment Counsel Inc. trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,400 shares of the company’s stock after selling 4,160 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in DoubleVerify were worth $1,256,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DV. Disciplined Growth Investors Inc. MN purchased a new position in shares of DoubleVerify in the 3rd quarter worth about $19,457,000. Repertoire Partners LP lifted its stake in shares of DoubleVerify by 1,041.7% in the 3rd 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. Algert Global LLC lifted its stake in shares of DoubleVerify by 311.4% in the 3rd quarter. Algert Global LLC now owns 615,275 shares of the company’s stock valued at $10,361,000 after acquiring an additional 465,729 shares during the last quarter. ING Groep NV bought a new stake in shares of DoubleVerify in the 3rd quarter valued at about $7,378,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of DoubleVerify in the 4th quarter valued at about $6,568,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Scotiabank initiated coverage on DoubleVerify in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price for the company. Loop Capital lowered DoubleVerify from a “buy” rating to a “hold” rating and lowered their price target for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Canaccord Genuity Group lowered their price target on DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Cannonball Research lowered DoubleVerify to a “neutral” rating in a research report on Sunday, March 2nd. Finally, Bank of America raised DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

DoubleVerify Trading Down 1.4 %

Shares of DV opened at $14.97 on Wednesday. The business’s fifty day simple moving average is $19.88 and its two-hundred day simple moving average is $19.09. DoubleVerify Holdings, Inc. has a 12 month low of $13.42 and a 12 month high of $35.57. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 40.45, a P/E/G 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 stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $20.51, for a total transaction of $42,476.21. Following the transaction, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at $1,761,439.82. This represents a 2.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

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.