Rockefeller Capital Management L.P. Sells 929,727 Shares of DoubleVerify Holdings, Inc. $DV

Rockefeller Capital Management L.P. decreased its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 52.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 831,774 shares of the company’s stock after selling 929,727 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.51% of DoubleVerify worth $9,515,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Clearstead Advisors LLC boosted its stake in DoubleVerify by 210.0% in 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 period. 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 buying an additional 1,492 shares during the period. UMB Bank n.a. lifted its holdings 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 worth $32,000 after buying an additional 1,528 shares in the last quarter. Allworth Financial LP lifted 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 worth $54,000 after buying an additional 2,581 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of 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 acquiring an additional 1,284 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DV shares. Wells Fargo & Company reduced their price target on DoubleVerify from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. The Goldman Sachs Group lifted their price objective on DoubleVerify from $10.50 to $12.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Canaccord Genuity Group cut their target price on DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a report on Monday, April 20th. Finally, Raymond James Financial restated an “outperform” rating and issued a $14.00 price target on shares of DoubleVerify in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.70.

DoubleVerify Trading Down 3.9%

Shares of DoubleVerify stock opened at $9.95 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 30.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.00. The company has a 50 day moving average of $10.27 and a 200-day moving average of $10.35. DoubleVerify Holdings, Inc. has a 1-year low of $7.64 and a 1-year high of $16.82.

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.