DoubleVerify Holdings Inc. (NYSE:DV) saw an upside of 1.46% to close Tuesday at $33.30 after adding $0.48 on the day. The 5-day average trading volume is 1,397,880 shares of the company’s common stock. It has gained $33.74 in the past week and touched a new high 3 times within the past 5 days. An average of 2,527,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,808,034.
DV’s 1-month performance is -17.51% or -$7.89 on its low of $31.51 reached on 08/14/23. The company’s shares have touched a 52-week low of $20.38 and high of $42.51, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, DV has achieved 51.64% or $11.34 and has reached a new high 35 times. However, the current price is down -21.67% from the 52-week high price.
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Insider Transactions
DV stock investors last saw insider trading activity on Aug 09.Noell Robert Davis (Director) most recently sold 12,500,000 shares at $32.50 per share on Aug 09. This transaction cost the insider $406,250,000. 10% Owner, Providence VII U.S. Holdings L, sold 12,419,952 shares at a price of $32.50 on Aug 09. Then, on Aug 09, 10% Owner Providence VII U.S. Holdings L sold 80,048 shares at a price of $32.50 per share. This transaction amounted to $2,601,560.
Valuation Metrics
DV stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.80 while the price-to-book (PB) in the most recent quarter is 5.94, with the price to cash flow ratio at 81.55.
DoubleVerify Holdings Inc.’s quick ratio for the period ended June 29 was 7.40, with the current ratio over the same period at 7.40.. In terms of profitability, the gross margin trailing 12 months is 81.60%. The trailing 12-month EBITDA margin is 22.86% while for the period ending June 29, DoubleVerify Holdings Inc.’s operating margin was 14.50%. The firm’s gross profit as reported stood at $374.55 million against revenue of $452.42 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.86% to $12.84 million, while revenue of $12.18 million was 5.14% off the previous quarter. Analysts expected DV to announce $0.06 per share in earnings in its latest quarter, but it posted $0.07, representing a 16.70% surprise. EBITDA for the quarter stood at more than $24.39 million. DV stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 148.44 million, with total debt at $89.3 million. Shareholders hold equity totaling $167.4 million.
Let’s look briefly at DoubleVerify Holdings Inc. (DV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 43.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.34%.
The stock’s 5-day moving average is $32.84, reflecting a +2.40% or $0.78 change from its current price. DV is currently trading -18.90% above its 20-day SMA, +14.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.88% and SMA200 by+28.47%.
Stochastic %K and %D was 38.71% and 24.99% and the average true range (ATR) pointed at 1.16. The RSI (14) points at 41.25%, while the 14-day stochastic is at 57.56% with the period’s ATR at 1.23. The stock’s 9-day MACD Oscillator is pointing at 0.45 and 0.19 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for DoubleVerify Holdings Inc. (NYSE: DV), Robert W. Baird launched coverage with an Outperform rating. Analysts offering their rating for DV stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate DV as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 14 have offered a “buy” rating.
What is DV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $50.00, with their median price target at $45.00. Looking at these predictions, the average price target given by analysts is for DoubleVerify Holdings Inc. (DV) stock is $44.18.
