Investors are poised to add DoubleVerify Holdings Inc (DV) Stock to their long term portfolios

At the time of writing, DoubleVerify Holdings Inc [DV] stock is trading at $18.37, up 4.85%. 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 6.18% over the last week, with a monthly amount glided 9.22%, 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 October 29, 2024, when Wells Fargo initiated its Underweight rating and assigned the stock a price target of $14. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 25, 2024, and dropped its price target to $21. On May 09, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $18 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Macquarie upgraded its rating to a Outperform but $40 remained the price target by the analyst firm on March 11, 2024. BofA Securities started tracking with a Buy rating for this stock on January 11, 2024, and assigned it a price target of $47. In a note dated January 09, 2024, BMO Capital Markets initiated an Outperform rating and provided a target price of $44 on this stock.

For the past year, the stock price of DoubleVerify Holdings Inc fluctuated between $16.11 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 $18.37 at the most recent close of the market. An investor can expect a potential return of 69.57% 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. 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 17.76 points at the first support level, and at 17.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.70, and for the 2nd resistance point, it is at 19.02.

Ratios To Look Out For

It is important to note that DoubleVerify Holdings Inc [NYSE:DV] has a current ratio of 7.04. In addition, the Quick Ratio stands at 7.04 and the Cash Ratio stands at 3.23. Considering the valuation of this stock, the price to sales ratio is 5.10, the price to book ratio is 2.85 and price to earnings (TTM) ratio is 52.64.

Transactions by insiders

Recent insider trading involved Allais Nicola T, Chief Financial Officer, that happened on Oct 22 ’24 when 1764.0 shares were sold. Chief Financial Officer, Allais Nicola T completed a deal on Oct 23 ’24 to sell 1764.0 shares. Meanwhile, Chief Financial Officer Allais Nicola T sold 1764.0 shares on Oct 07 ’24.

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