Bank of Montreal Can Sells 940 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of Montreal Can trimmed its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 75,892 shares of the company’s stock after selling 940 shares during the period. Bank of Montreal Can’s holdings in DoubleVerify were worth $1,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings 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 valued at $30,000 after purchasing an additional 981 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of DoubleVerify by 171.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock worth $39,000 after acquiring an additional 1,285 shares during the last quarter. GAMMA Investing LLC raised its stake in DoubleVerify by 73.6% in the 4th 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 period. Allianz SE bought a new position in DoubleVerify during the fourth quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd raised its position in shares of DoubleVerify by 50.8% in the fourth 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 period. 97.29% of the stock is owned by institutional investors.

Insider Buying and Selling at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

Shares of DV opened at $12.47 on Friday. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $31.15. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.63 and a beta of 1.04. The stock has a fifty day moving average of $15.92 and a 200-day moving average of $18.11.

Wall Street Analyst Weigh In

DV has been the topic of a number of research reports. Baird R W lowered shares of DoubleVerify from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 28th. Morgan Stanley reduced their price target on DoubleVerify from $18.50 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday. Loop Capital cut DoubleVerify from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $24.00 to $16.00 in a research report on Tuesday, March 4th. Canaccord Genuity Group decreased their price target on shares of DoubleVerify from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus set a $20.00 price objective on shares of DoubleVerify in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.38.

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.