Charles Schwab Investment Management Inc. reduced its stake in DoubleVerify Holdings, Inc. (NYSE:DV - Free Report) by 33.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 902,147 shares of the company's stock after selling 452,271 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.53% of DoubleVerify worth $15,192,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brown Capital Management LLC increased its stake in DoubleVerify by 0.5% in 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. Intech Investment Management LLC grew its holdings in shares of DoubleVerify by 127.9% in the third quarter. Intech Investment Management LLC now owns 165,509 shares of the company's stock valued at $2,787,000 after acquiring an additional 92,900 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of DoubleVerify during the third quarter valued at approximately $2,128,000. Quest Partners LLC lifted its holdings in DoubleVerify by 209,440.0% during the third quarter. Quest Partners LLC now owns 31,431 shares of the company's stock worth $529,000 after acquiring an additional 31,416 shares during the period. Finally, Cornercap Investment Counsel Inc. bought a new stake in DoubleVerify during the third quarter worth $222,000. 97.29% of the stock is owned by hedge funds and other institutional investors.
DoubleVerify Price Performance
DoubleVerify stock traded up $0.11 during mid-day trading on Friday, hitting $20.67. The company's stock had a trading volume of 743,094 shares, compared to its average volume of 1,975,047. The business has a 50 day moving average price of $18.48 and a 200-day moving average price of $18.81. DoubleVerify Holdings, Inc. has a 12 month low of $16.11 and a 12 month high of $43.00. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 55.86, a price-to-earnings-growth ratio of 3.34 and a beta of 0.97.
DoubleVerify announced that its Board of Directors has approved a stock buyback program on Wednesday, November 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
Wall Street Analyst Weigh In
Several brokerages have commented on DV. Truist Financial lowered their price objective on shares of DoubleVerify from $26.00 to $23.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Canaccord Genuity Group lowered their price target on shares of DoubleVerify from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company started coverage on DoubleVerify in a report on Monday, October 28th. They set an "underweight" rating and a $14.00 price objective for the company. Scotiabank began coverage on DoubleVerify in a research note on Thursday. They issued a "sector outperform" rating and a $24.00 target price on the stock. Finally, BMO Capital Markets cut their price target on DoubleVerify from $38.00 to $28.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, DoubleVerify currently has a consensus rating of "Moderate Buy" and an average target price of $24.67.
Read Our Latest Stock Analysis on DoubleVerify
Insider Transactions at DoubleVerify
In related news, CFO Nicola T. Allais sold 1,764 shares of the firm's stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $16.41, for a total value of $28,947.24. Following the sale, the chief financial officer now directly owns 81,598 shares of the company's stock, valued at $1,339,023.18. This trade represents a 2.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 8,820 shares of company stock worth $155,444. Insiders own 3.00% of the company's stock.
DoubleVerify Company Profile
(
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.
Read More
Before you consider DoubleVerify, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DoubleVerify wasn't on the list.
While DoubleVerify currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
