Avantax Advisory Services Inc. Reduces Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Avantax Advisory Services Inc. cut its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,267 shares of the company’s stock after selling 10,081 shares during the period. Avantax Advisory Services Inc.’s holdings in DoubleVerify were worth $447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DV. Disciplined Growth Investors Inc. MN bought a new stake in DoubleVerify during the 3rd quarter valued at approximately $19,457,000. Repertoire Partners LP lifted its stake in shares of DoubleVerify by 1,041.7% in the 3rd quarter. Repertoire Partners LP now owns 685,000 shares of the company’s stock valued at $11,535,000 after purchasing an additional 625,000 shares during the period. ZWJ Investment Counsel Inc. bought a new stake in shares of DoubleVerify during the fourth quarter valued at approximately $6,568,000. Holocene Advisors LP purchased a new stake in DoubleVerify in the third quarter worth $5,283,000. Finally, Alberta Investment Management Corp bought a new position in DoubleVerify in the fourth quarter worth $5,844,000. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

DV stock opened at $14.06 on Monday. DoubleVerify Holdings, Inc. has a 1 year low of $13.42 and a 1 year high of $35.57. The company has a market cap 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 stock’s fifty day moving average price is $19.06 and its 200-day moving average price is $18.80.

Analyst Ratings Changes

A number of analysts have recently weighed in on DV shares. Stifel Nicolaus set a $20.00 target price on shares of DoubleVerify in a research report on Friday, February 28th. Bank of America raised shares of DoubleVerify from an “underperform” rating to a “neutral” rating in a research note on Friday, February 28th. Morgan Stanley dropped their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Loop Capital lowered DoubleVerify from a “buy” rating to a “hold” rating and reduced their price objective for the company from $24.00 to $16.00 in a research report on Tuesday, March 4th. Finally, Scotiabank started coverage on DoubleVerify in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’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 directly owns 85,882 shares of the company’s stock, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.00% of the company’s stock.

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.