Maryland State Retirement & Pension System Sells 2,133 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Maryland State Retirement & Pension System reduced its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,304 shares of the company’s stock after selling 2,133 shares during the quarter. Maryland State Retirement & Pension System’s holdings in DoubleVerify were worth $1,062,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Intech Investment Management LLC lifted its holdings in DoubleVerify by 152.3% in the fourth quarter. Intech Investment Management LLC now owns 417,551 shares of the company’s stock valued at $8,021,000 after buying an additional 252,042 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of DoubleVerify by 10.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,312 shares of the company’s stock valued at $774,000 after purchasing an additional 3,740 shares during the period. AlphaQuest LLC boosted its position in shares of DoubleVerify by 233.2% during the 4th quarter. AlphaQuest LLC now owns 104,739 shares of the company’s stock valued at $2,012,000 after purchasing an additional 73,308 shares in the last quarter. Amundi grew its stake in DoubleVerify by 72.3% during the fourth quarter. Amundi now owns 525,922 shares of the company’s stock worth $10,497,000 after purchasing an additional 220,614 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in DoubleVerify by 0.8% in the fourth quarter. Geneva Capital Management LLC now owns 2,574,161 shares of the company’s stock worth $49,450,000 after purchasing an additional 19,684 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

DoubleVerify Trading Down 2.9 %

Shares of DoubleVerify stock opened at $14.06 on Monday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06. The business’s fifty day simple moving average is $19.06 and its 200 day simple moving average is $18.80. DoubleVerify Holdings, Inc. has a 12 month low of $13.42 and a 12 month high of $35.57.

Insider Transactions at DoubleVerify

In other news, CFO Nicola T. Allais sold 2,220 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Barclays decreased their price target on shares of DoubleVerify from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a research report on Wednesday, December 11th. Scotiabank began coverage on DoubleVerify in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada upped their price target on DoubleVerify from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.00.

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.