Jump Financial LLC Sells 163,133 Shares of DoubleVerify Holdings, Inc. (NYSE:DV)

Jump Financial LLC lessened its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,800 shares of the company's stock after selling 163,133 shares during the quarter. Jump Financial LLC owned 0.09% of DoubleVerify worth $2,878,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DV. M&T Bank Corp bought a new stake in shares of DoubleVerify in the third quarter valued at about $384,000. Geode Capital Management LLC raised its stake in DoubleVerify by 0.5% in the third quarter. Geode Capital Management LLC now owns 2,299,192 shares of the company's stock valued at $38,729,000 after purchasing an additional 10,696 shares in the last quarter. Principal Financial Group Inc. raised its stake in DoubleVerify by 4.8% in the third 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 in the last quarter. JPMorgan Chase & Co. raised its stake in DoubleVerify by 77.7% in the third 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in DoubleVerify by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after purchasing an additional 863 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $47,974.20. Following the completion of the transaction, the chief financial officer now owns 85,882 shares of the company's stock, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by insiders.

DoubleVerify Stock Performance

Shares of NYSE:DV traded up $0.40 during trading on Wednesday, reaching $12.88. The stock had a trading volume of 288,528 shares, compared to its average volume of 2,306,954. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $31.15. The firm's fifty day moving average is $15.30 and its 200 day moving average is $18.03. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 2.63 and a beta of 1.04.

Analyst Upgrades and Downgrades

DV has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on DoubleVerify from $18.50 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and issued a $25.00 price target on shares of DoubleVerify in a research note on Monday, January 27th. Barclays lowered their target price on DoubleVerify from $24.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday. Loop Capital downgraded DoubleVerify from a "buy" rating to a "hold" rating and lowered their target price for the stock from $24.00 to $16.00 in a research note on Tuesday, March 4th. Finally, Canaccord Genuity Group lowered their target price on DoubleVerify from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $20.98.

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.