DoubleVerify Holdings Inc (NYSE: DV) – Suitable For Long Term Buy?

Currently, there are 171.15M common shares owned by the public and among those 139.37M shares have been available to trade.

The company’s stock has a 5-day price change of 5.94% and -29.48% over the past three months. DV shares are trading -41.33% year to date (YTD), with the 12-month market performance down to -48.01% lower. It has a 12-month low price of $17.50 and touched a high of $43.00 over the same period. DV has an average intraday trading volume of 3.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.70%, 12.03%, and -27.58% respectively.

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Institutional ownership of DoubleVerify Holdings Inc (NYSE: DV) shares accounts for 92.07% of the company’s 171.15M shares outstanding.

It has a market capitalization of $3.71B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 56.66, while the earnings-per-share (ttm) stands at $0.38. The company has a PEG of 2.70 and a Quick Ratio of 7.30 with the debt-to-equity ratio at 0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.05% over the week and 2.86% over the month.

Earnings per share for the fiscal year are expected to increase by 7.73%, and 17.22% over the next financial year. EPS should shrink at an annualized rate of 21.00% over the next five years, compared to 82.60% over the past 5-year period.

Looking at the support for the DV, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on June 25, 2024, with the firm’s price target at $40-$21. BofA Securities coverage for the DoubleVerify Holdings Inc (DV) stock in a research note released on May 09, 2024 offered a Underperform rating with a price target of $18. KeyBanc Capital Markets was of a view on May 08, 2024 that the stock is Sector Weight, while Macquarie gave the stock Outperform rating on March 11, 2024, issuing a price target of $40. BofA Securities on their part issued Buy rating on January 11, 2024.

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