HighTower Advisors LLC Has $238,000 Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

HighTower Advisors LLC cut its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 15.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,371 shares of the company’s stock after selling 2,322 shares during the period. HighTower Advisors LLC’s holdings in DoubleVerify were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of DoubleVerify by 168.0% during 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 last quarter. GAMMA Investing LLC lifted its stake in DoubleVerify by 73.6% in the 4th 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of DoubleVerify during the fourth quarter valued at about $113,000. KBC Group NV increased its holdings in DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company’s stock valued at $125,000 after purchasing an additional 1,494 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of DoubleVerify in the 3rd quarter worth approximately $132,000. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Robert W. Baird reiterated a “neutral” rating and set a $14.00 target price (down previously from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Barclays lowered their price objective 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 shares of DoubleVerify in a report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of DoubleVerify in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.00.

Insider Activity

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

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $13.36 on Thursday. The company’s fifty day simple moving average is $18.15 and its 200-day simple moving average is $18.56. The stock has a market capitalization of $2.22 billion, a PE ratio of 36.11, a P/E/G ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 1-year low of $12.81 and a 1-year high of $34.39.

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.