Charles Schwab Investment Management Inc. Has $47.04 Million Stock Holdings in DoubleVerify Holdings, Inc. (NYSE:DV)

Charles Schwab Investment Management Inc. grew its position in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 16.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,279,017 shares of the company's stock after buying an additional 178,488 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.75% of DoubleVerify worth $47,042,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DV. Shaker Investments LLC OH lifted its position in DoubleVerify by 0.4% during the 4th quarter. Shaker Investments LLC OH now owns 75,927 shares of the company's stock worth $2,793,000 after buying an additional 280 shares in the last quarter. Assetmark Inc. increased its stake in shares of DoubleVerify by 15.1% during the 3rd quarter. Assetmark Inc. now owns 3,279 shares of the company's stock worth $92,000 after purchasing an additional 430 shares during the last quarter. Huntington National Bank increased its stake in shares of DoubleVerify by 41.6% during the 3rd quarter. Huntington National Bank now owns 1,495 shares of the company's stock worth $42,000 after purchasing an additional 439 shares during the last quarter. Signaturefd LLC increased its stake in shares of DoubleVerify by 84.7% during the 4th quarter. Signaturefd LLC now owns 1,086 shares of the company's stock worth $40,000 after purchasing an additional 498 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of DoubleVerify by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 30,776 shares of the company's stock worth $860,000 after purchasing an additional 554 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Royal Bank of Canada decreased their price target on shares of DoubleVerify from $49.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 8th. Barclays cut their price target on shares of DoubleVerify from $40.00 to $30.00 and set an "overweight" rating for the company in a report on Wednesday, May 8th. Robert W. Baird cut their price target on shares of DoubleVerify from $42.00 to $34.00 and set an "outperform" rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. cut their price target on shares of DoubleVerify from $32.00 to $30.00 and set a "neutral" rating for the company in a report on Thursday, February 29th. Finally, Needham & Company LLC cut their price target on shares of DoubleVerify from $45.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.05.

DoubleVerify Stock Performance

Shares of DoubleVerify stock traded up $0.66 during trading hours on Friday, reaching $19.54. The company's stock had a trading volume of 5,196,377 shares, compared to its average volume of 3,664,113. DoubleVerify Holdings, Inc. has a one year low of $17.74 and a one year high of $43.00. The company has a market capitalization of $3.36 billion, a P/E ratio of 51.42, a P/E/G ratio of 2.71 and a beta of 1.11. The stock's fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $33.88.

DoubleVerify (NYSE:DV - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. DoubleVerify had a net margin of 11.25% and a return on equity of 6.46%. The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.25 million. During the same period last year, the firm earned $0.07 earnings per share. The firm's revenue was up 14.8% on a year-over-year basis. As a group, research analysts forecast that DoubleVerify Holdings, Inc. will post 0.33 earnings per share for the current year.

DoubleVerify announced that its Board of Directors has authorized a share buyback program on Thursday, May 16th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the company to purchase up to 4.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Julie Eddleman sold 900 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total transaction of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares of the company's stock, valued at $4,171,340.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other DoubleVerify news, insider Julie Eddleman sold 900 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $30.30, for a total value of $27,270.00. Following the completion of the transaction, the insider now owns 137,668 shares of the company's stock, valued at approximately $4,171,340.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nicola T. Allais sold 5,292 shares of the business's stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $30.86, for a total transaction of $163,311.12. Following the completion of the transaction, the chief financial officer now directly owns 73,030 shares of the company's stock, valued at approximately $2,253,705.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,431 shares of company stock valued at $3,070,904. Company insiders own 3.00% of the company's stock.

DoubleVerify Company 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.