Motley Fool Wealth Management LLC Has $2.83 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Motley Fool Wealth Management LLC decreased its stake in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 147,343 shares of the company’s stock after selling 17,888 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.09% of DoubleVerify worth $2,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clune & Associates LTD. bought a new position in shares of DoubleVerify during the 4th quarter worth approximately $676,000. Summit Creek Advisors LLC grew its holdings in DoubleVerify by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 368,578 shares of the company’s stock valued at $7,080,000 after buying an additional 1,153 shares in the last quarter. Vanguard Group Inc. increased its position in DoubleVerify by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 17,481,297 shares of the company’s stock worth $335,816,000 after acquiring an additional 143,773 shares during the period. LPL Financial LLC boosted its holdings in DoubleVerify by 15.3% in the 4th quarter. LPL Financial LLC now owns 31,123 shares of the company’s stock valued at $598,000 after purchasing an additional 4,123 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of DoubleVerify during the fourth quarter worth approximately $576,000. Institutional investors own 97.29% of the company’s stock.

Insider Activity at DoubleVerify

In related news, CFO Nicola T. Allais sold 2,220 shares of the business’s stock in a transaction on 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 owns 85,882 shares of the company’s stock, valued at $1,855,910.02. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays reduced their price target on DoubleVerify from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Scotiabank assumed coverage on DoubleVerify in a report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Morgan Stanley reduced their price objective on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

DoubleVerify Trading Down 2.1 %

DoubleVerify stock opened at $14.05 on Thursday. The company has a market capitalization of $2.33 billion, a PE ratio of 37.96, a P/E/G ratio of 2.63 and a beta of 1.06. The stock has a 50-day moving average price of $18.76 and a two-hundred day moving average price of $18.71. DoubleVerify Holdings, Inc. has a 12 month low of $13.42 and a 12 month high of $35.57.

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.