Bank of New York Mellon Corp Trims Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of New York Mellon Corp cut its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,232,214 shares of the company’s stock after selling 120,211 shares during the period. Bank of New York Mellon Corp owned about 0.73% of DoubleVerify worth $23,671,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Impax Asset Management Group plc purchased a new stake in shares of DoubleVerify in the fourth quarter valued at about $657,000. South Dakota Investment Council raised its holdings in shares of DoubleVerify by 6.9% in the fourth quarter. South Dakota Investment Council now owns 72,019 shares of the company’s stock valued at $1,383,000 after buying an additional 4,619 shares during the last quarter. Olympiad Research LP raised its holdings in shares of DoubleVerify by 14.6% in the fourth quarter. Olympiad Research LP now owns 23,292 shares of the company’s stock valued at $447,000 after buying an additional 2,971 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of DoubleVerify by 24.9% in the fourth quarter. Handelsbanken Fonder AB now owns 31,600 shares of the company’s stock valued at $607,000 after buying an additional 6,300 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of DoubleVerify by 725.7% in the fourth quarter. Ieq Capital LLC now owns 191,683 shares of the company’s stock valued at $3,682,000 after buying an additional 168,468 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

DoubleVerify Stock Performance

Shares of DV opened at $15.09 on Monday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 2.63 and a beta of 1.06. The company’s 50 day simple moving average is $20.05 and its 200 day simple moving average is $19.15. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57.

Analysts Set New Price Targets

DV has been the subject of a number of research reports. Stifel Nicolaus set a $20.00 target price on shares of DoubleVerify in a report on Friday, February 28th. Raymond James began coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They set an “outperform” rating and a $25.00 price target for the company. Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of DoubleVerify in a report on Wednesday, December 11th. Barclays lowered their target price 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. Finally, JMP Securities restated a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Insider Activity at DoubleVerify

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

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.