DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by PDT Partners LLC

PDT Partners LLC lowered its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 24.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 109,426 shares of the company’s stock after selling 35,311 shares during the period. PDT Partners LLC’s holdings in DoubleVerify were worth $2,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DV. Smartleaf Asset Management LLC lifted its stake 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 worth $30,000 after acquiring an additional 981 shares during the period. GAMMA Investing LLC lifted its position in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock valued at $39,000 after purchasing an additional 863 shares during the period. Quadrant Capital Group LLC boosted its holdings in DoubleVerify by 171.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company’s stock valued at $39,000 after purchasing an additional 1,285 shares in the last quarter. Allianz SE acquired a new position in DoubleVerify during the 4th quarter worth approximately $41,000. Finally, Aster Capital Management DIFC Ltd raised its stake in shares of DoubleVerify by 50.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company’s stock worth $75,000 after buying an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DV. Cannonball Research downgraded DoubleVerify to a “neutral” rating in a research note on Sunday, March 2nd. Bank of America upgraded shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of DoubleVerify in a report on Wednesday, April 16th. Robert W. Baird reiterated a “neutral” rating and issued a $14.00 price objective (down previously from $20.00) on shares of DoubleVerify in a research note on Friday, March 28th. Finally, The Goldman Sachs Group lowered their target price on shares of DoubleVerify from $20.00 to $15.50 and set a “neutral” rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.83.

DoubleVerify Stock Up 0.8 %

Shares of NYSE:DV opened at $13.47 on Wednesday. The company has a market capitalization of $2.19 billion, a P/E ratio of 36.41, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 52-week low of $11.52 and a 52-week high of $31.11. The stock’s fifty day simple moving average is $14.35 and its 200-day simple moving average is $17.90.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was 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 approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by corporate insiders.

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.