As of Wednesday close, DoubleVerify Holdings Inc.’s (NYSE:DV) stock was up $0.44, moving up 1.32 percent to $33.77. The average number of shares traded per day over the past five days has been 1,120,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.11 fall in that time frame. In the last twenty days, the average volume was 2,104,165, while in the previous 50 days, it was 1,789,670.
Since last month, DV stock retreated -5.93%. Shares of the company fell to $31.51 on 08/14/23, the lowest level in the past month. A 52-week high of $42.51 was reached on 07/31/23 after having rallying from a 52-week low of $20.38. Since the beginning of this year, DV’s stock price has risen by 53.78% or $11.81, and marked a new high 35 times. However, the stock has declined by -20.56% since its 52-week high.
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DV stock investors should be aware that DoubleVerify Holdings Inc. (DV) stock had its last reported insider trading activity 8 days ago on Aug 23. Allais Nicola T, the Chief Financial Officer of the company, disposed of 9,231 shares for $33.29 on Aug 23. It resulted in a $307,293 divestment by the insider. Desmond Laura sold 11,002 shares at an average price of $33.05 on Aug 22. The insider now owns 179,071 shares following the transaction. On Aug 22, Chief Financial Officer Allais Nicola T sold 9,231 shares at $33.07 apiece. The transaction was valued at $305,280.
Valuation Metrics
Right now, DoubleVerify Holdings Inc. (DV) has a P/E ratio of about 108.59. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 11.14, the price-to-book (PB) ratio of 6.02, and the price-to-cash flow ratio of 84.12 may also be considered.
Financial Health
In the three months ended June 29, DoubleVerify Holdings Inc.’s quick ratio stood at 7.40, while its current ratio was 7.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 81.60% percent. In the year ended June 29, EBITDA margin amounted to 22.86%, whereas operating margins totaled 14.50%. Based on annual data, DV earned $374.55 million in gross profit and brought in $452.42 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 6.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DV’s revenue rose 17.89% to $122.59 million during the quarter, while net income inched up to $133.74 million. While analysts expected DoubleVerify Holdings Inc. to report $0.06 quarterly earnings, the actual figure was $0.07 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated $24.39 million in EBITDA. The liabilities of DoubleVerify Holdings Inc. were 148.44 million at the end of its most recent quarter ended June 29, and its total debt was $89.3 million. The value of shareholders’ equity is $167.4 million.
Technical Picture
This quick technical analysis looks at DoubleVerify Holdings Inc.’s (DV) price momentum. With a historical volatility rate of 28.68%, the RSI 9-day stood at 50.92% on 30 August.
With respect to its five-day moving average, the current DoubleVerify Holdings Inc. price is down by -0.32% percent or -$0.11. At present, DV shares trade -1.37% below its 20-day simple moving average and +9.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.61% below its SMA50 and +20.61% above its SMA200.
Stochastic coefficient K was 65.53% and Stochastic coefficient D was 59.25%, while ATR was 1.03. Given the Stochastic reading of 85.28% for the 14-day period, the RSI (14) reading has been calculated as 46.63%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.32.
Analyst Ratings
Robert W. Baird launched its rating on DoubleVerify Holdings Inc. (NYSE: DV) to an Outperform in a note to investors on August 18, 2023. DoubleVerify Holdings Inc. (DV) has been rated Buy by analysts. According to 0 brokerage firms, DV is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate DoubleVerify Holdings Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $45.00, the current consensus forecast for the stock is $30.00 – $50.00. Based on these forecasts, analysts predict DoubleVerify Holdings Inc. (DV) will achieve an average price target of $44.06.
