DoubleVerify Holdings, Inc. $DV Stock Sold by Gagnon Securities LLC

Gagnon Securities LLC trimmed its position in DoubleVerify Holdings, Inc. (NYSE:DV) by 10.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 467,095 shares of the company’s stock after selling 56,233 shares during the quarter. DoubleVerify makes up approximately 1.1% of Gagnon Securities LLC’s portfolio, making the stock its 29th biggest position. Gagnon Securities LLC’s holdings in DoubleVerify were worth $6,301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of DoubleVerify during the second quarter worth $27,000. Nykredit A S acquired a new stake in shares of DoubleVerify in the 2nd quarter worth $32,000. Bayforest Capital Ltd acquired a new stake in shares of DoubleVerify in the 2nd quarter worth $36,000. Allworth Financial LP acquired a new stake in shares of DoubleVerify in the 2nd quarter worth $52,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in DoubleVerify by 2,114.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 5,115 shares of the company’s stock worth $55,000 after buying an additional 4,884 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DV has been the topic of several recent analyst reports. Canaccord Genuity Group lowered DoubleVerify from a “buy” rating to a “hold” rating and reduced their target price for the company from $16.00 to $13.60 in a research report on Friday, August 7th. Raymond James Financial downgraded DoubleVerify from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. Citizens Jmp lowered DoubleVerify from a “market outperform” rating to a “hold” rating in a research note on Friday, August 7th. Scotiabank lowered DoubleVerify from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $15.00 to $13.60 in a research note on Friday, August 7th. Finally, Nomura set a $13.60 price objective on shares of DoubleVerify in a report on Friday, August 7th. Fourteen analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, DoubleVerify currently has an average rating of “Hold” and a consensus price target of $13.52.

DoubleVerify Trading Down 0.0%

NYSE DV opened at $13.56 on Thursday. DoubleVerify Holdings, Inc. has a 12-month low of $8.60 and a 12-month high of $13.65. The company has a fifty day simple moving average of $13.48 and a two-hundred day simple moving average of $11.43. The company has a current ratio of 4.69, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.12 billion, a P/E ratio of 33.91, a P/E/G ratio of 1.46 and a beta of 0.93.

DoubleVerify Profile

DoubleVerify Holdings, Inc. provides digital media measurement, analytics and optimization services for advertisers, agencies and publishers. Its technology helps clients assess whether digital ads are viewable, free from fraudulent activity and delivered in brand-safe environments across channels such as websites, mobile apps, social media and connected TV. The company’s offerings include verification and performance measurement tools, as well as products designed to help advertisers evaluate and optimize media campaigns.