Charles Schwab Investment Management Inc. grew its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing 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 about 0.58% of DoubleVerify worth $18,694,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. True Wealth Design LLC bought a new stake in shares of DoubleVerify in the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC increased its position in shares of DoubleVerify by 168.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,565 shares of the company's stock valued at $30,000 after buying an additional 981 shares in the last quarter. GAMMA Investing LLC increased its position in shares of DoubleVerify by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 2,036 shares of the company's stock valued at $39,000 after buying an additional 863 shares in the last quarter. KBC Group NV increased its position in shares of DoubleVerify by 35.8% in the 3rd quarter. KBC Group NV now owns 5,022 shares of the company's stock valued at $85,000 after buying an additional 1,325 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of DoubleVerify in the 4th quarter valued at $113,000. Institutional investors and hedge funds own 97.29% of the company's stock.
DoubleVerify Stock Performance
NYSE:DV traded down $0.42 during mid-day trading on Friday, hitting $14.06. The stock had a trading volume of 3,257,880 shares, compared to its average volume of 2,281,863. DoubleVerify Holdings, Inc. has a twelve month low of $13.42 and a twelve month high of $35.57. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.63 and a beta of 1.06. The company's 50 day simple moving average is $19.06 and its 200 day simple moving average is $18.80.
Analyst Ratings Changes
A number of research firms recently commented on DV. Royal Bank of Canada upped their price objective on shares of DoubleVerify from $22.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Raymond James began coverage on DoubleVerify in a report on Wednesday, December 18th. They set an "outperform" rating and a $25.00 target price for the company. The Goldman Sachs Group reiterated a "neutral" rating and set a $20.00 target price (down previously from $24.00) on shares of DoubleVerify in a report on Friday, February 28th. JMP Securities reiterated a "market outperform" rating and set a $25.00 target price on shares of DoubleVerify in a report on Monday, January 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $22.00 target price on shares of DoubleVerify in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.00.
View Our Latest Stock Analysis on DoubleVerify
Insider Activity at DoubleVerify
In other DoubleVerify news, CFO Nicola T. Allais sold 2,220 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $21.61, for a total transaction of $47,974.20. Following the completion of the sale, the chief financial officer now directly owns 85,882 shares in the company, valued at $1,855,910.02. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.
About DoubleVerify
(
Free Report)
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.
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