Edgestream Partners L.P. Sells 209,487 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Edgestream Partners L.P. lowered its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 61.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,815 shares of the company’s stock after selling 209,487 shares during the period. Edgestream Partners L.P. owned 0.08% of DoubleVerify worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geneva Capital Management LLC raised its position in shares of DoubleVerify by 0.8% during the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock valued at $49,450,000 after buying an additional 19,684 shares during the last quarter. Townsend Asset Management Corp NC ADV raised its position in shares of DoubleVerify by 51.3% during the fourth quarter. Townsend Asset Management Corp NC ADV now owns 165,858 shares of the company’s stock valued at $3,186,000 after buying an additional 56,248 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of DoubleVerify by 646.3% during the fourth quarter. Victory Capital Management Inc. now owns 207,203 shares of the company’s stock valued at $3,980,000 after buying an additional 179,439 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of DoubleVerify by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,147 shares of the company’s stock valued at $18,694,000 after buying an additional 71,000 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of DoubleVerify by 168.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Insider Activity

In other 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 sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DV. Stifel Nicolaus set a $20.00 price target on shares of DoubleVerify in a research report on Friday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Canaccord Genuity Group reduced their price target on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a research report 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, Barclays reduced their price target on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $15.09 on Monday. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57. The firm’s 50-day moving average is $20.05 and its two-hundred day moving average is $19.15. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.63 and a beta of 1.06.

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.