Gagnon Securities LLC Sells 188,253 Shares of DoubleVerify Holdings, Inc. $DV

Gagnon Securities LLC lessened its stake in DoubleVerify Holdings, Inc. (NYSE:DV) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 491,664 shares of the company’s stock after selling 188,253 shares during the period. DoubleVerify comprises 1.1% of Gagnon Securities LLC’s portfolio, making the stock its 27th biggest holding. Gagnon Securities LLC owned approximately 0.31% of DoubleVerify worth $5,625,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of DoubleVerify by 0.6% in the second quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock valued at $1,993,000 after buying an additional 754 shares during the period. Woodline Partners LP lifted its stake in shares of DoubleVerify by 2.5% in the first quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after buying an additional 762 shares during the period. Central Pacific Bank Trust Division lifted its stake in shares of DoubleVerify by 9.0% in the fourth quarter. Central Pacific Bank Trust Division now owns 13,707 shares of the company’s stock valued at $157,000 after buying an additional 1,130 shares during the period. Handelsbanken Fonder AB raised its position in DoubleVerify by 4.1% in the fourth quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock worth $347,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Xponance LLC raised its position in DoubleVerify by 9.9% in the fourth quarter. Xponance LLC now owns 14,141 shares of the company’s stock worth $162,000 after purchasing an additional 1,275 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of DV stock opened at $10.20 on Friday. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 1.15 and a beta of 1.00. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.82. The company’s fifty day moving average price is $10.20 and its 200-day moving average price is $10.37.

Analysts Set New Price Targets

Several research firms recently issued reports on DV. Royal Bank Of Canada dropped their price target on shares of DoubleVerify from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Canaccord Genuity Group dropped their price target on shares of DoubleVerify from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Wall Street Zen lowered shares of DoubleVerify from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. The Goldman Sachs Group increased their price target on shares of DoubleVerify from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Wells Fargo & Company dropped their price objective on shares of DoubleVerify from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $15.70.

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.