Allspring Global Investments Holdings LLC Sells 119,135 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Allspring Global Investments Holdings LLC trimmed its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 730,474 shares of the company’s stock after selling 119,135 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.43% of DoubleVerify worth $26,867,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Guinness Atkinson Asset Management Inc bought a new stake in shares of DoubleVerify during the third quarter worth $34,000. Huntington National Bank grew its stake in shares of DoubleVerify by 41.6% during the third quarter. Huntington National Bank now owns 1,495 shares of the company’s stock worth $42,000 after buying an additional 439 shares during the last quarter. Castleview Partners LLC bought a new stake in shares of DoubleVerify during the second quarter worth $42,000. Advisors Asset Management Inc. grew its stake in shares of DoubleVerify by 67.6% during the third quarter. Advisors Asset Management Inc. now owns 1,567 shares of the company’s stock worth $44,000 after buying an additional 632 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of DoubleVerify by 106.1% during the first quarter. First Horizon Advisors Inc. now owns 1,698 shares of the company’s stock worth $51,000 after buying an additional 874 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Down 2.0 %

Shares of NYSE DV opened at $32.36 on Friday. The firm’s 50-day moving average price is $35.97 and its 200-day moving average price is $34.04. DoubleVerify Holdings, Inc. has a 1-year low of $26.23 and a 1-year high of $43.00. The firm has a market capitalization of $5.56 billion, a P/E ratio of 78.93, a P/E/G ratio of 3.48 and a beta of 1.04.

DoubleVerify (NYSE:DV) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.06. DoubleVerify had a net margin of 12.48% and a return on equity of 7.29%. The firm had revenue of $172.23 million for the quarter, compared to analyst estimates of $171.85 million. Equities research analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 EPS for the current year.

Insider Activity

In other news, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $32.80, for a total transaction of $175,939.20. Following the transaction, the chief financial officer now owns 73,030 shares in the company, valued at $2,395,384. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Julie Eddleman sold 900 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now owns 137,668 shares in the company, valued at approximately $4,171,340.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nicola T. Allais sold 5,364 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $32.80, for a total transaction of $175,939.20. Following the completion of the sale, the chief financial officer now owns 73,030 shares in the company, valued at approximately $2,395,384. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,047 shares of company stock worth $2,679,779. Company insiders own 3.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of DoubleVerify from $44.00 to $41.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. TheStreet raised shares of DoubleVerify from a “d+” rating to a “c-” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. reduced their price objective on shares of DoubleVerify from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. KeyCorp boosted their price objective on shares of DoubleVerify from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, February 26th. Finally, Robert W. Baird boosted their price objective on shares of DoubleVerify from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

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.