Bank of Nova Scotia Cuts Stock Position in DoubleVerify Holdings, Inc. (NYSE:DV)

Bank of Nova Scotia cut its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,300 shares of the company's stock after selling 35,084 shares during the period. Bank of Nova Scotia owned 0.11% of DoubleVerify worth $3,636,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock worth $30,000 after buying an additional 981 shares during the last quarter. GAMMA Investing LLC grew 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 acquiring an additional 863 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of DoubleVerify by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,034 shares of the company's stock valued at $39,000 after acquiring an additional 1,285 shares in the last quarter. Allianz SE bought a new position in shares of DoubleVerify during the fourth quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd raised its position in shares of DoubleVerify by 50.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 3,912 shares of the company's stock worth $75,000 after purchasing an additional 1,317 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

DoubleVerify Trading Up 3.3 %

DoubleVerify stock traded up $0.40 during mid-day trading on Friday, hitting $12.47. The stock had a trading volume of 2,140,192 shares, compared to its average volume of 2,431,779. The firm's 50 day moving average is $15.92 and its 200 day moving average is $18.11. The firm has a market capitalization of $2.07 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.63 and a beta of 1.04. DoubleVerify Holdings, Inc. has a one year low of $11.52 and a one year high of $31.15.

Wall Street Analysts Forecast Growth

DV has been the topic of several analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 price objective on shares of DoubleVerify in a research report on Monday, January 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 price objective on shares of DoubleVerify in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on DoubleVerify from $20.00 to $15.50 and set a "neutral" rating for the company in a report on Monday. Baird R W cut shares of DoubleVerify from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Loop Capital cut shares of DoubleVerify from a "buy" rating to a "hold" rating and decreased their price objective for the company from $24.00 to $16.00 in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.38.

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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company's stock.

DoubleVerify 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.