Sei Investments Co. Sells 227,057 Shares of DoubleVerify Holdings, Inc. $DV

Sei Investments Co. lowered its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 60.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,456 shares of the company’s stock after selling 227,057 shares during the quarter. Sei Investments Co.’s holdings in DoubleVerify were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DV. Quadrant Capital Group LLC increased its holdings in DoubleVerify by 154.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after buying an additional 1,492 shares in the last quarter. UMB Bank n.a. lifted its stake in DoubleVerify by 124.3% during the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after acquiring an additional 1,528 shares during the period. Clearstead Advisors LLC lifted its stake in DoubleVerify by 81.2% during the 4th quarter. Clearstead Advisors LLC now owns 3,724 shares of the company’s stock valued at $43,000 after acquiring an additional 1,669 shares during the period. Allworth Financial LP boosted its holdings in shares of DoubleVerify by 121.9% during the 4th quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after acquiring an additional 2,581 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of DoubleVerify by 37.2% during the 4th quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock valued at $54,000 after acquiring an additional 1,284 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on DV. Citizens Jmp cut shares of DoubleVerify from a “market outperform” rating to a “hold” rating in a report on Friday. Canaccord Genuity Group downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $13.60 in a research report on Friday. Wells Fargo & Company upgraded shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $8.00 to $13.60 in a research note on Friday. Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, The Goldman Sachs Group raised their price target on DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, DoubleVerify presently has an average rating of “Hold” and an average target price of $14.18.

DoubleVerify Stock Up 0.2%

NYSE DV opened at $13.24 on Tuesday. DoubleVerify Holdings, Inc. has a 12 month low of $7.64 and a 12 month high of $16.44. The company has a current ratio of 4.50, a quick ratio of 4.77 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.03 billion, a PE ratio of 36.78, a P/E/G ratio of 1.58 and a beta of 0.97. The stock’s 50 day moving average is $11.07 and its 200 day moving average is $10.44.

DoubleVerify Profile

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.