Fox Run Management L.L.C. Trims Stake in DoubleVerify Holdings, Inc. (NYSE:DV)

Fox Run Management L.L.C. lowered its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 8.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,161 shares of the company’s stock after selling 4,624 shares during the quarter. Fox Run Management L.L.C.’s holdings in DoubleVerify were worth $906,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in DoubleVerify in the 4th quarter valued at $576,000. Sei Investments Co. raised its holdings in DoubleVerify by 2.8% in the 4th quarter. Sei Investments Co. now owns 412,668 shares of the company’s stock valued at $7,927,000 after acquiring an additional 11,342 shares during the last quarter. Goodman Financial Corp acquired a new position in DoubleVerify in the 4th quarter valued at $13,199,000. Intech Investment Management LLC raised its holdings in DoubleVerify by 152.3% in the 4th quarter. Intech Investment Management LLC now owns 417,551 shares of the company’s stock valued at $8,021,000 after acquiring an additional 252,042 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DoubleVerify by 10.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,312 shares of the company’s stock valued at $774,000 after acquiring an additional 3,740 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

DoubleVerify Trading Down 2.9 %

Shares of NYSE DV opened at $14.06 on Friday. DoubleVerify Holdings, Inc. has a 12-month low of $13.42 and a 12-month high of $35.57. The company has a market cap of $2.33 billion, a P/E ratio of 37.99, a P/E/G ratio of 2.63 and a beta of 1.06. The stock has a fifty day moving average price of $19.06 and a 200 day moving average price of $18.80.

Analyst Ratings Changes

DV has been the subject of several analyst reports. Canaccord Genuity Group cut their price target on DoubleVerify from $30.00 to $26.00 and set a “buy” rating for the company in a report on Friday, February 28th. Bank of America upgraded DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. Loop Capital downgraded DoubleVerify from a “buy” rating to a “hold” rating and cut their price target for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. Morgan Stanley dropped their price objective on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Cannonball Research downgraded DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Insider Activity at DoubleVerify

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the company’s stock in a transaction dated 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 represents a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is 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.