The stock of DoubleVerify Holdings Inc. (NYSE:DV) increased by $0.35 on Friday to finish at $33.24, up 1.06 percent. The last five days have seen an average of 1,345,260 shares of common stock traded. 35 times new highs were reached in the current year, with a gain of $11.28. The average number of shares traded over the last 20 days was 2,592,360, while the average volume over the last 50 days totaled 1,820,610.
DV stock dropped -17.42% since last month. On 08/14/23, the company’s shares reached a one-month low of $31.51. The stock touched a high of $42.51 on 07/31/23, after rallying from a low of $20.38 in 52 weeks. The price of DV stock has risen by 51.37% or $11.28 this year, reaching a new high 35 times. Still, the stock price is down -21.81% from the 52-week high.
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Insider Transactions
DV stock investors should be aware that DoubleVerify Holdings Inc. (DV) stock had its last reported insider trading activity 5 days ago on Aug 23. On Aug 23, Chief Financial Officer Allais Nicola T sold 9,231 shares at $33.29 each. This transaction resulted in the insider making $307,293. On Aug 22, Desmond Laura sold 11,002 shares at a price of US$33.05. After the transaction, the insider now owns 179,071 shares. Chief Financial Officer Allais Nicola T had earlier sold 9,231 shares on Aug 22 for $33.07 a share. The transaction was completed for $305,280.
Valuation Metrics
DoubleVerify Holdings Inc. (DV) has a trailing price-to-earnings (P/E) ratio of 106.88. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 10.96, the price-to-book (PB) ratio of 5.93, and the price-to-cash flow ratio of 82.80.
Financial Health
For the three months ended June 29, DoubleVerify Holdings Inc.’s quick ratio was 7.40, while its current ratio was 7.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 81.60% percent. DoubleVerify Holdings Inc.’s EBITDA margin for the year ended June 29 was 22.86%, whereas its operating margin stood at 14.50% for the same period. Based on annual data, it had gross profit of $374.55 million and revenue of $452.42 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DV’s return on assets (ROA) during the last 12 months has been 5.10%. There was a 4.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.00%.
Earnings Surprise
According to DoubleVerify Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $133.74 million, while revenues rose by 17.89% to $122.59 million. It was predicted that DoubleVerify Holdings Inc.’s quarterly earnings would be $0.07, but it ended up being $0.06, beating the consensus by 16.70%. EBITDA was $24.39 million for the quarter. At the end of DoubleVerify Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 148.44 million, while its total debt was $89.3 million. Equity owned by shareholders amounts to $167.4 million.
Technical Picture
Here’s a quick look at DoubleVerify Holdings Inc.’s (DV) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 44.46%, suggesting the stock is Neutral, with a 28.25% historical volatility rate.
The stochastic %K and %D were 64.52% and 60.65% respectively, while the average true range (ATR) was 1.12. Based on the 14-day stochastic reading of 65.28%, the RSI (14) reading is 42.45%. On the 9-day MACD Oscillator, the stock is at 0.36, and the 14-day reading is at 0.52.
Analyst Ratings
In its analyst report released on August 18, 2023, Robert W. Baird began covering DoubleVerify Holdings Inc. (NYSE: DV). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned DoubleVerify Holdings Inc. (DV) an Buy rating. DV is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 14 others recommend it as a buy.
What is DV’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $50.00, with a median target price of $45.00. In analyzing these forecasts, the average price target given by analysts for DoubleVerify Holdings Inc. (DV) is $44.06.
