DoubleVerify Holdings, Inc. (NYSE:DV) Stock Position Lowered by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 64.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 85,447 shares of the company’s stock after selling 153,423 shares during the period. Quantbot Technologies LP’s holdings in DoubleVerify were worth $1,641,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC acquired a new stake in DoubleVerify in the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC raised its holdings in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock worth $30,000 after purchasing an additional 981 shares in the last quarter. GAMMA Investing LLC lifted its stake in DoubleVerify by 73.6% during 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 last quarter. SG Americas Securities LLC bought a new stake in DoubleVerify during the fourth quarter worth approximately $113,000. Finally, KBC Group NV grew its position in DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company’s stock worth $125,000 after buying an additional 1,494 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Insider Activity

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were 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 approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DV has been the subject of a number of recent research reports. Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $20.00 target price (down from $24.00) on shares of DoubleVerify in a 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 note on Wednesday, December 11th. Morgan Stanley reduced their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Scotiabank began coverage on shares of DoubleVerify in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, DoubleVerify currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

DoubleVerify Trading Up 1.3 %

DV opened at $14.27 on Tuesday. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57. The stock has a fifty day moving average price of $18.97 and a 200 day moving average price of $18.77. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.63 and a beta of 1.06.

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.