Charles Schwab Investment Management Inc. Cuts Position in DoubleVerify Holdings, Inc. $DV

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in DoubleVerify Holdings, Inc. by 9.1% in Q1, now holding shares worth $11.82 million.
• Other institutional investors, including Vanguard Group, have increased their holdings, with Vanguard now owning 18.47 million shares valued at approximately $246.89 million.
• Despite reporting Q2 earnings of $0.05 per share, which missed estimates, DoubleVerify's revenue rose 21.3% year-over-year and reached $189.02 million for the quarter.

Charles Schwab Investment Management Inc. reduced its holdings in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 9.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 884,313 shares of the company's stock after selling 88,834 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.54% of DoubleVerify worth $11,823,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Burgundy Asset Management Ltd. raised its holdings in DoubleVerify by 73.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,906,913 shares of the company's stock worth $94,262,000 after acquiring an additional 2,073,279 shares in the last quarter. Federated Hermes Inc. raised its holdings in DoubleVerify by 17,284.0% during the first quarter. Federated Hermes Inc. now owns 1,663,821 shares of the company's stock worth $22,245,000 after acquiring an additional 1,654,250 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in DoubleVerify during the fourth quarter worth about $31,579,000. Alta Fox Capital Management LLC bought a new stake in DoubleVerify during the fourth quarter worth about $24,267,000. Finally, Vanguard Group Inc. raised its holdings in DoubleVerify by 5.6% during the first quarter. Vanguard Group Inc. now owns 18,466,076 shares of the company's stock worth $246,891,000 after acquiring an additional 984,779 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DV. JPMorgan Chase & Co. upgraded DoubleVerify from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $18.00 to $19.00 in a report on Friday, August 1st. BMO Capital Markets reissued an "outperform" rating and set a $27.00 price target (up previously from $26.00) on shares of DoubleVerify in a research report on Wednesday, August 6th. Raymond James Financial lowered their price target on DoubleVerify from $22.00 to $16.00 and set an "outperform" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus boosted their price target on DoubleVerify from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Needham & Company LLC reissued a "buy" rating and set a $18.00 price target on shares of DoubleVerify in a research report on Thursday, June 12th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.13.

DoubleVerify Trading Up 0.1%

Shares of DV traded up $0.02 during mid-day trading on Friday, reaching $16.29. 1,602,125 shares of the company were exchanged, compared to its average volume of 2,411,765. The business has a 50 day simple moving average of $15.42 and a two-hundred day simple moving average of $15.05. DoubleVerify Holdings, Inc. has a 52 week low of $11.52 and a 52 week high of $23.11. The stock has a market capitalization of $2.66 billion, a PE ratio of 56.16, a PEG ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.41 and a current ratio of 4.41.

DoubleVerify (NYSE:DV - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). DoubleVerify had a return on equity of 4.86% and a net margin of 7.38%.The business had revenue of $189.02 million for the quarter, compared to analyst estimates of $171.14 million. During the same period in the prior year, the business earned $0.04 EPS. The company's revenue for the quarter was up 21.3% on a year-over-year basis. DoubleVerify has set its Q3 2025 guidance at EPS. On average, analysts predict that DoubleVerify Holdings, Inc. will post 0.36 earnings per share for the current fiscal year.

DoubleVerify Profile

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.