DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Trimmed by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,900 shares of the company’s stock after selling 3,447 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in DoubleVerify were worth $363,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in DoubleVerify by 1.9% during the fourth 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 during the last quarter. GAMMA Investing LLC raised its holdings in shares of DoubleVerify by 73.6% during the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after purchasing an additional 863 shares during the period. Smartleaf Asset Management LLC lifted its position 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 buying an additional 981 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of DoubleVerify by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 367,314 shares of the company’s stock valued at $6,185,000 after buying an additional 1,279 shares during the period. Finally, KBC Group NV grew its position in shares of DoubleVerify by 29.7% during the 4th quarter. KBC Group NV now owns 6,516 shares of the company’s stock valued at $125,000 after buying an additional 1,494 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

DoubleVerify Price Performance

NYSE DV opened at $14.05 on Thursday. The company has a market capitalization of $2.33 billion, a P/E ratio of 37.96, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 12 month low of $13.42 and a 12 month high of $35.57. The company’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $18.71.

Insider Buying and Selling at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of DoubleVerify 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 transaction, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DV. Scotiabank assumed coverage on DoubleVerify in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price for the company. Canaccord Genuity Group lowered their price objective on DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus set a $20.00 target price on DoubleVerify in a research note on Friday, February 28th. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Finally, Raymond James initiated coverage on shares of DoubleVerify in a research note on Wednesday, December 18th. They set an “outperform” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.