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

Key Points

• Sei Investments reduced its DoubleVerify stake by 60.1% in the first quarter, selling 227,057 shares and retaining 150,456 shares valued at approximately $1.43 million.
• Institutional investors own 97.29% of DoubleVerify, while several smaller investment firms increased their positions during the fourth quarter.
• Analyst sentiment is largely cautious: DoubleVerify has an average “Hold” rating and a consensus price target of $14.18, with several firms recently downgrading their ratings or adjusting targets to $13.60.

Sei Investments Co. reduced its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 60.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,456 shares of the company's stock after selling 227,057 shares during the period. Sei Investments Co. owned 0.10% of DoubleVerify worth $1,429,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DV. Quadrant Capital Group LLC lifted 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 during the period. UMB Bank n.a. increased its stake in shares of DoubleVerify by 124.3% during the fourth quarter. UMB Bank n.a. now owns 2,757 shares of the company's stock valued at $32,000 after buying an additional 1,528 shares during the period. Clearstead Advisors LLC raised its holdings in shares of DoubleVerify by 81.2% during the fourth 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 in the last quarter. Allworth Financial LP raised its holdings in shares of DoubleVerify by 121.9% during the fourth 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 in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in DoubleVerify by 37.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company's stock worth $54,000 after acquiring an additional 1,284 shares during the period. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DV shares. Wall Street Zen downgraded shares of DoubleVerify from a "buy" rating to a "hold" rating in a research report on Sunday, April 19th. Raymond James Financial cut shares of DoubleVerify from an "outperform" rating to a "market perform" rating in a research report on Friday. Truist Financial lowered shares of DoubleVerify from a "buy" rating to a "hold" rating and cut their target price for the company from $16.00 to $13.60 in a research note on Friday. Nomura set a $13.60 price target on shares of DoubleVerify in a research report on Friday. Finally, Wells Fargo & Company raised shares of DoubleVerify from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $8.00 to $13.60 in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, DoubleVerify currently has an average rating of "Hold" and a consensus target price of $14.18.

DoubleVerify Stock Performance

Shares of DV stock opened at $13.24 on Tuesday. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.44. The company's 50-day moving average is $11.07 and its 200 day moving average is $10.44. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.50.

DoubleVerify Company 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.

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