Rockefeller Capital Management L.P. cut its holdings in DoubleVerify Holdings, Inc. (NYSE:DV – Free Report) by 52.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 831,774 shares of the company’s stock after selling 929,727 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in DoubleVerify were worth $9,515,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Clearstead Advisors LLC grew its holdings in shares of DoubleVerify by 210.0% during the 3rd quarter. Clearstead Advisors LLC now owns 2,055 shares of the company’s stock valued at $25,000 after purchasing an additional 1,392 shares during the last quarter. Quadrant Capital Group LLC increased its position in DoubleVerify by 154.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock worth $28,000 after purchasing an additional 1,492 shares in the last quarter. UMB Bank n.a. lifted its stake in DoubleVerify by 124.3% in the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after purchasing an additional 1,528 shares during the last quarter. Allworth Financial LP lifted its stake in DoubleVerify by 121.9% in the 4th quarter. Allworth Financial LP now owns 4,699 shares of the company’s stock valued at $54,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in DoubleVerify by 37.2% in the fourth quarter. Hantz Financial Services Inc. now owns 4,731 shares of the company’s stock valued at $54,000 after buying an additional 1,284 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.
Wall Street Analysts Forecast Growth
DV has been the topic of a number of research reports. Canaccord Genuity Group decreased their target price on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. The Goldman Sachs Group increased their price target on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Wells Fargo & Company reduced their price objective on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, DoubleVerify currently has an average rating of “Moderate Buy” and a consensus price target of $15.70.
DoubleVerify Price Performance
NYSE:DV opened at $9.95 on Friday. The firm’s 50 day simple moving average is $10.27 and its 200 day simple moving average is $10.35. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82. The company has a market cap of $1.53 billion, a PE ratio of 30.14, a P/E/G ratio of 1.16 and a beta of 1.00.
About DoubleVerify
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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