Charles Schwab Investment Management Inc. Increases Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Charles Schwab Investment Management Inc. raised its holdings in DoubleVerify Holdings, Inc. (NYSE:DV) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 973,147 shares of the company’s stock after purchasing an additional 71,000 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.58% of DoubleVerify worth $18,694,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. KBC Group NV boosted its position in shares of DoubleVerify by 35.8% during the 3rd quarter. KBC Group NV now owns 5,022 shares of the company’s stock worth $85,000 after acquiring an additional 1,325 shares in the last quarter. Quest Partners LLC raised its stake in shares of DoubleVerify by 209,440.0% during the 3rd quarter. Quest Partners LLC now owns 31,431 shares of the company’s stock worth $529,000 after buying an additional 31,416 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of DoubleVerify in the 3rd quarter worth approximately $2,128,000. Intech Investment Management LLC grew its holdings in shares of DoubleVerify by 127.9% in the 3rd quarter. Intech Investment Management LLC now owns 165,509 shares of the company’s stock worth $2,787,000 after acquiring an additional 92,900 shares during the period. Finally, Brown Capital Management LLC grew its holdings in DoubleVerify by 0.5% during the 3rd quarter. Brown Capital Management LLC now owns 1,762,674 shares of the company’s stock valued at $29,683,000 after buying an additional 7,975 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DV. Morgan Stanley reduced their price target on DoubleVerify from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. JMP Securities restated a “market outperform” rating and set a $25.00 target price on shares of DoubleVerify in a research note on Monday, January 27th. Scotiabank initiated coverage on DoubleVerify in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $24.00 price target for the company. Loop Capital downgraded DoubleVerify from a “buy” rating to a “hold” rating and decreased their target price for the company from $24.00 to $16.00 in a research note on Tuesday, March 4th. Finally, Cannonball Research cut DoubleVerify to a “neutral” rating in a report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.00.

Insider Activity

In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total value of $47,974.20. Following the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at approximately $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

DoubleVerify Price Performance

DV opened at $14.56 on Thursday. DoubleVerify Holdings, Inc. has a one year low of $13.42 and a one year high of $35.57. The company’s 50 day simple moving average is $19.28 and its 200-day simple moving average is $18.88. The stock has a market capitalization of $2.42 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.06.

About DoubleVerify

DoubleVerify Holdings, Inc provides a software platform for digital media measurement, and data analytics in the United States and internationally. The company provides solutions to advertisers that enable advertisers to increase the effectiveness and quality and return on their digital advertising investments.