At the time of writing, DoubleVerify Holdings Inc [DV] stock is trading at $17.57, up 2.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DV shares have gain 4.46% over the last week, with a monthly amount glided 0.86%, 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.
For the past year, the stock price of DoubleVerify Holdings Inc fluctuated between $16.38 and $43.00. Currently, Wall Street analysts expect the stock to reach $31.15 within the next 12 months. DoubleVerify Holdings Inc [NYSE: DV] shares were valued at $17.57 at the most recent close of the market. An investor can expect a potential return of 77.29% based on the average DV price forecast.
Analyzing the DV fundamentals
According to DoubleVerify Holdings Inc [NYSE:DV], the company’s sales were 612.88M for trailing twelve months, which represents an 16.56% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 17.10 points at the first support level, and at 16.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.83, and for the 2nd resistance point, it is at 18.10.
Ratios To Look Out For
It is important to note that DoubleVerify Holdings Inc [NYSE:DV] has a current ratio of 7.04. As well, the Quick Ratio is 7.04, while the Cash Ratio is 3.23. Considering the valuation of this stock, the price to sales ratio is 4.87, the price to book ratio is 2.72 and price to earnings (TTM) ratio is 50.34.
Transactions by insiders
Recent insider trading involved Allais Nicola T, Chief Financial Officer, that happened on Oct 07 ’24 when 1764.0 shares were sold. Chief Financial Officer, Allais Nicola T completed a deal on Oct 04 ’24 to sell 1764.0 shares. Meanwhile, Chief Financial Officer Allais Nicola T sold 1764.0 shares on Sep 27 ’24.
