Janney Montgomery Scott LLC Sells 87,196 Shares of DoubleVerify Holdings, Inc. $DV

Janney Montgomery Scott LLC decreased its position in shares of DoubleVerify Holdings, Inc. (NYSE:DV) by 80.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 21,151 shares of the company’s stock after selling 87,196 shares during the period. Janney Montgomery Scott LLC’s holdings in DoubleVerify were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. California State Teachers Retirement System lifted its position in DoubleVerify by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 133,120 shares of the company’s stock valued at $1,993,000 after acquiring an additional 754 shares in the last quarter. Woodline Partners LP boosted its stake in DoubleVerify by 2.5% during the 1st quarter. Woodline Partners LP now owns 30,825 shares of the company’s stock valued at $412,000 after purchasing an additional 762 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of DoubleVerify by 2.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 44,027 shares of the company’s stock worth $504,000 after purchasing an additional 1,098 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of DoubleVerify by 4.1% in the 4th 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 stake in shares of 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 during the last quarter. Institutional investors own 97.29% of the company’s stock.

DoubleVerify Price Performance

Shares of DoubleVerify stock opened at $13.29 on Friday. The stock has a market cap of $2.06 billion, a P/E ratio of 36.93, a P/E/G ratio of 1.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.77 and a current ratio of 4.50. The stock’s fifty day moving average is $11.30 and its 200 day moving average is $10.52. DoubleVerify Holdings, Inc. has a one year low of $7.64 and a one year high of $16.44.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DV shares. Canaccord Genuity Group downgraded DoubleVerify from a “buy” rating to a “hold” rating and lowered their price target for the company from $16.00 to $13.60 in a report on Friday, August 7th. Scotiabank downgraded DoubleVerify from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $15.00 to $13.60 in a report on Friday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of DoubleVerify in a research report on Friday, July 17th. Wells Fargo & Company upgraded shares of DoubleVerify from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $8.00 to $13.60 in a research note on Friday, August 7th. Finally, Nomura set a $13.60 price target on shares of DoubleVerify in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, DoubleVerify currently has a consensus rating of “Hold” and a consensus target price of $14.18.

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.