Invesco Ltd. Sells 38,747 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Invesco Ltd. decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 493,755 shares of the company's stock after selling 38,747 shares during the period. Invesco Ltd. owned 0.29% of DoubleVerify worth $9,485,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DV. Geode Capital Management LLC lifted its holdings in DoubleVerify by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock worth $38,729,000 after purchasing an additional 10,696 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of DoubleVerify by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 2,034,655 shares of the company's stock valued at $34,264,000 after purchasing an additional 94,095 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of DoubleVerify by 77.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 645,233 shares of the company's stock valued at $10,866,000 after purchasing an additional 282,051 shares during the last quarter. GAMMA Investing LLC increased its position in shares of DoubleVerify by 73.6% during the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares during the last quarter. Finally, Diversified Trust Co bought a new position in shares of DoubleVerify during the 4th quarter valued at about $504,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

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 transaction of $47,974.20. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

DoubleVerify Price Performance

DV stock traded up $0.16 during trading on Tuesday, hitting $13.52. 134,510 shares of the stock traded hands, compared to its average volume of 2,429,538. DoubleVerify Holdings, Inc. has a 1 year low of $11.52 and a 1 year high of $31.11. The firm's 50 day moving average is $14.53 and its two-hundred day moving average is $17.93. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.04.

Analysts Set New Price Targets

Several equities analysts have recently commented on DV shares. Royal Bank of Canada increased their price objective on DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Baird R W lowered DoubleVerify from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 28th. Robert W. Baird restated a "neutral" rating and set a $14.00 price target (down from $20.00) on shares of DoubleVerify in a research report on Friday, March 28th. Morgan Stanley reduced their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group reduced their price target on DoubleVerify from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $20.83.

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.