DoubleVerify Holdings, Inc. (NYSE:DV) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 730,474 shares of the company's stock after selling 119,135 shares during the period. Allspring Global Investments Holdings LLC owned 0.43% of DoubleVerify worth $26,867,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Guinness Atkinson Asset Management Inc acquired a new position in DoubleVerify during the 3rd quarter valued at about $34,000. Huntington National Bank boosted its stake in DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company's stock valued at $42,000 after purchasing an additional 439 shares during the last quarter. Castleview Partners LLC acquired a new position in DoubleVerify during the 2nd quarter valued at about $42,000. Advisors Asset Management Inc. boosted its stake in DoubleVerify by 67.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,567 shares of the company's stock valued at $44,000 after purchasing an additional 632 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in DoubleVerify by 106.1% during the 1st quarter. First Horizon Advisors Inc. now owns 1,698 shares of the company's stock valued at $51,000 after purchasing an additional 874 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DV shares. Wells Fargo & Company cut their price target on DoubleVerify from $44.00 to $41.00 and set an "overweight" rating for the company in a research note on Friday, March 1st. Barclays cut their target price on DoubleVerify from $43.00 to $40.00 and set an "overweight" rating on the stock in a research note on Thursday, February 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $42.00 price target (down previously from $44.00) on shares of DoubleVerify in a report on Friday, March 1st. Truist Financial lowered their price target on shares of DoubleVerify from $43.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, February 29th. Finally, Royal Bank of Canada raised their target price on DoubleVerify from $40.00 to $49.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.50.

DoubleVerify Stock Down 2.0 %

Shares of NYSE DV traded down $0.65 during trading hours on Friday, reaching $32.36. 995,398 shares of the stock traded hands, compared to its average volume of 1,726,415. The company has a market capitalization of $5.56 billion, a P/E ratio of 78.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.04. DoubleVerify Holdings, Inc. has a 52-week low of $26.23 and a 52-week high of $43.00. The company's 50-day simple moving average is $35.97 and its two-hundred day simple moving average is $34.09.

DoubleVerify (NYSE:DV - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $172.23 million for the quarter, compared to analysts' expectations of $171.85 million. DoubleVerify had a return on equity of 7.29% and a net margin of 12.48%. As a group, sell-side analysts forecast that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Transactions at DoubleVerify

In other news, insider Julie Eddleman sold 900 shares of DoubleVerify stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now directly owns 137,668 shares in the company, valued at approximately $4,171,340.40. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Andrew E. Grimmig sold 50,924 shares of DoubleVerify stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $33.51, for a total transaction of $1,706,463.24. Following the sale, the insider now directly owns 39,468 shares in the company, valued at $1,322,572.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Eddleman sold 900 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the sale, the insider now directly owns 137,668 shares of the company's stock, valued at approximately $4,171,340.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,047 shares of company stock worth $2,679,779. 3.27% of the stock is currently owned by insiders.

DoubleVerify Company 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.