DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,013 shares of the company’s stock after selling 10,998 shares during the period. Advantage Alpha Capital Partners LP owned 0.07% of DoubleVerify worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. True Wealth Design LLC acquired a new stake in shares of DoubleVerify during the third quarter worth $29,000. Smartleaf Asset Management LLC grew its holdings in DoubleVerify by 168.0% in the fourth 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. GAMMA Investing LLC increased its position in 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 last quarter. SG Americas Securities LLC purchased a new position in DoubleVerify during the fourth quarter worth approximately $113,000. Finally, KBC Group NV boosted its holdings in shares of DoubleVerify by 29.7% in the 4th quarter. KBC Group NV now owns 6,516 shares of the company’s stock valued at $125,000 after purchasing an additional 1,494 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were 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 directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.

DoubleVerify Stock Performance

Shares of NYSE:DV opened at $14.06 on Monday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 1-year low of $13.42 and a 1-year high of $35.57. The company has a 50 day moving average price of $19.06 and a 200 day moving average price of $18.80.

Wall Street Analyst Weigh In

DV has been the topic of several research analyst reports. Bank of America raised DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Scotiabank assumed coverage on DoubleVerify in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target for the company. Royal Bank of Canada upped their target price on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of DoubleVerify in a research note on Wednesday, December 11th. Finally, Barclays lowered their target price on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DoubleVerify has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

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.