DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 64.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,447 shares of the company’s stock after selling 153,423 shares during the period. Quantbot Technologies LP owned about 0.05% of DoubleVerify worth $1,641,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DV. True Wealth Design LLC acquired a new stake in shares of DoubleVerify in the third quarter valued at about $29,000. Smartleaf Asset Management LLC grew its position in DoubleVerify by 168.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after acquiring an additional 981 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of 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 period. SG Americas Securities LLC acquired a new position in shares of DoubleVerify during the fourth quarter worth $113,000. Finally, KBC Group NV boosted its stake in shares of DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company’s stock valued at $125,000 after purchasing an additional 1,494 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

DoubleVerify Stock Up 1.3 %

DoubleVerify stock opened at $14.27 on Tuesday. The firm has a 50-day moving average price of $18.97 and a two-hundred day moving average price of $18.77. 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 $2.37 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 2.63 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DV shares. Cannonball Research downgraded shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Canaccord Genuity Group dropped their target price on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Stifel Nicolaus set a $20.00 price target on DoubleVerify in a report on Friday, February 28th. Royal Bank of Canada lifted their price objective on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Raymond James assumed coverage on DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, DoubleVerify presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares of the company’s stock, valued at $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by insiders.

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.