Investors Should Take Note Of DoubleVerify Holdings Inc (DV)

DoubleVerify Holdings Inc (DV) concluded trading on Thursday at a closing price of $17.26, with 2.43 million shares of worth about $42.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -47.55% during that period and on September 26, 2024 the price saw a gain of about 2.31%. Currently the company’s common shares owned by public are about 171.15M shares, out of which, 142.77M shares are available for trading.

Stock saw a price change of 0.17% in past 5 days and over the past one month there was a price change of -11.08%. Year-to-date (YTD), DV shares are showing a performance of -53.07% which decreased to -37.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.87 but also hit the highest price of $43.00 during that period. The average intraday trading volume for DoubleVerify Holdings Inc shares is 2.35 million. The stock is currently trading -4.37% below its 20-day simple moving average (SMA20), while that difference is down -9.08% for SMA50 and it goes to -37.23% lower than SMA200.

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DoubleVerify Holdings Inc (NYSE: DV) currently have 171.15M outstanding shares and institutions hold larger chunk of about 87.50% of that.

The stock has a current market capitalization of $2.93B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 49.46, while it has posted earnings per share of $0.35 in the same period. Its PEG reads 2.36 and has Quick Ratio of 7.04 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DV, volatility over the week remained 2.65% while standing at 3.08% over the month.

Stock’s fiscal year EPS is expected to rise by 13.34% while it is estimated to increase by 15.90% in next year. EPS is likely to shrink at an annualized rate of 21.00% for next 5-years, compared to annual growth of 82.60% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on June 25, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $40 and $21 to it. Coverage by BofA Securities stated DoubleVerify Holdings Inc (DV) stock as an Underperform in their note to investors on May 09, 2024, suggesting a price target of $18 for the stock. On May 08, 2024, KeyBanc Capital Markets Downgrade their recommendations, while on March 11, 2024, Macquarie Upgrade their ratings for the stock with a price target of $40. Stock get a Buy rating from BofA Securities on January 11, 2024.

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