DoubleVerify Holdings, Inc. (NYSE:DV) Stock Holdings Reduced by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lowered its holdings in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 8.7% during the fourth quarter, Holdings Channel reports. The firm owned 115,013 shares of the company’s stock after selling 10,998 shares during the period. Advantage Alpha Capital Partners LP’s holdings in DoubleVerify were worth $2,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC acquired a new position in DoubleVerify during the third quarter worth $29,000. Smartleaf Asset Management LLC grew its stake in DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company’s stock valued at $30,000 after buying an additional 981 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company’s stock worth $39,000 after purchasing an additional 863 shares during the period. SG Americas Securities LLC acquired a new position in shares of DoubleVerify during the fourth quarter worth approximately $113,000. Finally, KBC Group NV grew its stake in shares of DoubleVerify by 29.7% in the fourth quarter. KBC Group NV now owns 6,516 shares of the company’s stock worth $125,000 after acquiring an additional 1,494 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Stock Performance

NYSE DV opened at $14.06 on Monday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.63 and a beta of 1.06. DoubleVerify Holdings, Inc. has a 52 week low of $13.42 and a 52 week high of $35.57. The stock’s 50 day moving average price is $19.06 and its two-hundred day moving average price is $18.80.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James began coverage on shares of DoubleVerify in a report on Wednesday, December 18th. They issued an “outperform” rating and a $25.00 price target for the company. Morgan Stanley dropped their price objective 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. Scotiabank initiated coverage on shares of DoubleVerify in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $24.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $22.00 price target on shares of DoubleVerify in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of DoubleVerify in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, DoubleVerify presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Insider Transactions at DoubleVerify

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 sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

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.