DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,277,081 shares of the company’s stock after selling 22,111 shares during the period. Geode Capital Management LLC owned approximately 1.35% of DoubleVerify worth $43,757,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its position in DoubleVerify by 25.1% during the fourth quarter. Alliancebernstein L.P. now owns 154,160 shares of the company’s stock valued at $2,961,000 after purchasing an additional 30,948 shares during the period. Wellington Management Group LLP grew its position in DoubleVerify by 13.4% during the 4th quarter. Wellington Management Group LLP now owns 415,337 shares of the company’s stock worth $7,979,000 after purchasing an additional 49,078 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of DoubleVerify during the 4th quarter valued at about $5,419,000. Allianz SE acquired a new position in shares of DoubleVerify in the 4th quarter valued at about $41,000. Finally, Norges Bank purchased a new stake in shares of DoubleVerify in the fourth quarter worth about $33,957,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DV. Robert W. Baird reissued a “neutral” rating and issued a $14.00 price target (down from $20.00) on shares of DoubleVerify in a report on Friday, March 28th. Cannonball Research cut shares of DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a research report on Friday, February 28th. Barclays decreased their price objective on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Canaccord Genuity Group dropped their target price on DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. One 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’s stock. According to data from MarketBeat.com, DoubleVerify currently has an average rating of “Hold” and a consensus price target of $21.78.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $12.16 on Tuesday. The stock’s 50 day simple moving average is $16.49 and its 200-day simple moving average is $18.23. The stock has a market cap of $2.02 billion, a P/E ratio of 32.86, a P/E/G 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 $32.44.

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.