Bank of Nova Scotia Has $3.64 Million Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of Nova Scotia trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 189,300 shares of the company’s stock after selling 35,084 shares during the period. Bank of Nova Scotia owned approximately 0.11% of DoubleVerify worth $3,636,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DV. Wealth Enhancement Advisory Services LLC increased its position in DoubleVerify by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,553 shares of the company’s stock worth $549,000 after purchasing an additional 526 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of DoubleVerify by 6.3% during the fourth quarter. Federated Hermes Inc. now owns 9,571 shares of the company’s stock worth $184,000 after buying an additional 571 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after acquiring an additional 863 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of DoubleVerify by 168.0% during the 4th 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. Finally, Summit Creek Advisors LLC grew its position in DoubleVerify by 0.3% during the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock worth $7,080,000 after acquiring an additional 1,153 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays dropped their price target on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. Baird R W downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. JMP Securities restated a “market outperform” rating and set a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Finally, Morgan Stanley cut their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, DoubleVerify has a consensus rating of “Hold” and an average price target of $22.00.

DoubleVerify Price Performance

Shares of NYSE:DV opened at $12.57 on Friday. The company’s fifty day moving average price is $16.69 and its 200-day moving average price is $18.26. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $32.86. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.63 and a beta of 1.04.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

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.