DoubleVerify Holdings, Inc. $DV Shares Sold by Gagnon Advisors LLC

Gagnon Advisors LLC lowered its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 30.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 438,039 shares of the company’s stock after selling 187,731 shares during the quarter. DoubleVerify comprises approximately 3.2% of Gagnon Advisors LLC’s holdings, making the stock its 15th largest position. Gagnon Advisors LLC’s holdings in DoubleVerify were worth $5,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Advisors LLC increased 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 worth $25,000 after buying an additional 1,392 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of 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 buying an additional 1,492 shares during the last quarter. Hantz Financial Services Inc. lifted its position in DoubleVerify by 178.9% in the third quarter. Hantz Financial Services Inc. now owns 3,447 shares of the company’s stock valued at $41,000 after buying an additional 2,211 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in DoubleVerify by 253.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after buying an additional 2,660 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in DoubleVerify by 624.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,635 shares of the company’s stock valued at $69,000 after buying an additional 3,995 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Raymond James Financial reaffirmed an “outperform” rating and issued a $14.00 target price on shares of DoubleVerify in a research report on Thursday, May 7th. Royal Bank Of Canada dropped their target price on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of DoubleVerify from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Eleven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.70.

DoubleVerify Stock Down 0.3%

DoubleVerify stock opened at $10.20 on Friday. The firm has a market cap of $1.56 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. DoubleVerify Holdings, Inc. has a 52-week low of $7.64 and a 52-week high of $16.82. The company’s 50 day moving average is $10.20 and its two-hundred day moving average is $10.37.

DoubleVerify 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.