DoubleVerify Holdings, Inc. (NYSE:DV) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 108,527 shares of the company’s stock after selling 2,306 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DoubleVerify were worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DV. Geneva Capital Management LLC increased its position in DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after buying an additional 19,684 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company’s stock worth $38,729,000 after acquiring an additional 10,696 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company’s stock valued at $34,264,000 after acquiring an additional 94,095 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in DoubleVerify in the 3rd quarter worth approximately $19,457,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in DoubleVerify by 0.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,014,038 shares of the company’s stock worth $17,076,000 after purchasing an additional 6,792 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Loop Capital lowered shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their price target for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of DoubleVerify in a report on Wednesday, December 11th. Raymond James began coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. Morgan Stanley dropped their price objective on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Scotiabank started coverage on DoubleVerify in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, DoubleVerify presently has an average rating of “Hold” and a consensus target price of $22.00.

DoubleVerify Stock Down 4.8 %

NYSE DV opened at $13.33 on Friday. DoubleVerify Holdings, Inc. has a twelve month low of $13.14 and a twelve month high of $35.55. The stock has a market cap of $2.21 billion, a P/E ratio of 36.01, a PEG ratio of 2.63 and a beta of 1.06. The company’s 50-day simple moving average is $18.53 and its 200 day simple moving average is $18.64.

Insider Buying and Selling at DoubleVerify

In other DoubleVerify 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 transaction of $47,974.20. Following the completion of the transaction, the chief financial officer now directly owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

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.