DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 493,755 shares of the company’s stock after selling 38,747 shares during the quarter. Invesco Ltd. owned 0.29% of DoubleVerify worth $9,485,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in 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. Quadrant Capital Group LLC lifted its position in shares of DoubleVerify by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after acquiring an additional 1,285 shares in the last quarter. GAMMA Investing LLC boosted 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 acquiring an additional 863 shares during the last quarter. Allianz SE purchased a new stake in DoubleVerify during the 4th quarter worth about $41,000. Finally, Aster Capital Management DIFC Ltd raised its stake in DoubleVerify by 50.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock valued at $75,000 after purchasing an additional 1,317 shares during the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on DV. Morgan Stanley cut their price objective on shares of DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus reduced their target price on DoubleVerify from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday. Barclays lowered their price target on DoubleVerify from $24.00 to $16.00 and set an “overweight” rating for the company in a report on Monday. Baird R W lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a report on Friday, March 28th. Finally, Robert W. Baird restated a “neutral” rating and issued a $14.00 target price (down from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. One 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.com, DoubleVerify presently has a consensus rating of “Hold” and a consensus target price of $20.83.

DoubleVerify Stock Performance

Shares of DV opened at $12.68 on Thursday. The firm has a fifty day moving average of $15.10 and a 200-day moving average of $17.99. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $31.15.

Insiders Place Their Bets

In other 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 of the company’s stock, 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 SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.

About DoubleVerify

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.