This is What Makes DoubleVerify Holdings Inc Stocks A Gamechanger?

DoubleVerify Holdings Inc [DV] stock is trading at $20.25, up 1.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DV shares have gain 1.50% over the last week, with a monthly amount glided 7.20%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

DoubleVerify Holdings Inc [NYSE: DV] stock has seen the most recent analyst activity on June 25, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $21 from $40. Previously, BofA Securities downgraded its rating to Underperform on May 09, 2024, and dropped its price target to $18. On May 08, 2024, downgrade downgraded it’s rating to Sector Weight. Macquarie upgraded its rating to a Outperform but stick to its price target of $40 on March 11, 2024. BofA Securities initiated its recommendation with a Buy and recommended $47 as its price target on January 11, 2024. BMO Capital Markets started tracking with a Outperform rating for this stock on January 09, 2024, and assigned it a price target of $44. In a note dated December 13, 2023, Morgan Stanley initiated an Overweight rating and provided a target price of $40 on this stock.

DoubleVerify Holdings Inc [DV] stock has fluctuated between $17.50 and $43.00 over the past year. Currently, Wall Street analysts expect the stock to reach $38.9 within the next 12 months. DoubleVerify Holdings Inc [NYSE: DV] shares were valued at $20.25 at the most recent close of the market. An investor can expect a potential return of 92.1% based on the average DV price forecast.

Analyzing the DV fundamentals

DoubleVerify Holdings Inc [NYSE:DV] reported sales of 590.73M for the trailing twelve months, which represents a growth of 14.84%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.06 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.98 points at the first support level, and at 19.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 20.40, and for the 2nd resistance point, it is at 20.54.

Ratios To Look Out For

For context, DoubleVerify Holdings Inc’s Current Ratio is 7.30. In addition, the Quick Ratio stands at 7.30 and the Cash Ratio stands at 4.01. Considering the valuation of this stock, the price to sales ratio is 5.89, the price to book ratio is 3.17 and price to earnings (TTM) ratio is 53.16.

Transactions by insiders

Recent insider trading involved Allais Nicola T, Chief Financial Officer, that happened on Jul 19 ’24 when 1764.0 shares were sold. Chief Financial Officer, Allais Nicola T completed a deal on Jul 18 ’24 to sell 1764.0 shares. Meanwhile, Chief Financial Officer Allais Nicola T sold 1764.0 shares on Jul 09 ’24.

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