Swiss National Bank Trims Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Swiss National Bank lowered its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 284,300 shares of the company’s stock after selling 1,900 shares during the quarter. Swiss National Bank owned about 0.17% of DoubleVerify worth $5,461,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. True Wealth Design LLC bought a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC raised its stake in DoubleVerify by 168.0% during the fourth 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 boosted its holdings in 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 acquiring an additional 863 shares in the last quarter. SG Americas Securities LLC bought a new stake in DoubleVerify in the fourth quarter worth $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.

Analyst Ratings Changes

DV has been the topic of a number of analyst reports. Scotiabank assumed coverage on shares of DoubleVerify in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target on the stock. Loop Capital downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating and dropped their target price for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Royal Bank of Canada increased their price target on shares of DoubleVerify from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $24.00) on shares of DoubleVerify in a research report on Friday, February 28th. Finally, Bank of America raised DoubleVerify from an “underperform” rating to a “neutral” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.00.

DoubleVerify Stock Down 2.9 %

NYSE DV opened at $14.06 on Monday. DoubleVerify Holdings, Inc. has a 52 week low of $13.42 and a 52 week high of $35.57. The company has a market capitalization 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 50-day moving average price is $19.06 and its 200-day moving average price is $18.80.

Insiders Place Their Bets

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $21.61, for a total value of $47,974.20. Following the completion of the sale, the chief financial officer now owns 85,882 shares in the company, valued at approximately $1,855,910.02. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

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.