At the time of writing, DoubleVerify Holdings Inc [DV] stock is trading at $21.06, up 2.53%. 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 2.73% over the last week, with a monthly amount glided 20.21%, 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 $26.9 within the next 12 months. DoubleVerify Holdings Inc [NYSE: DV] shares were valued at $21.06 at the most recent close of the market. An investor can expect a potential return of 27.73% based on the average DV price forecast.
Analyzing the DV fundamentals
According to DoubleVerify Holdings Inc [NYSE:DV], the company’s sales were 638.46M for trailing twelve months, which represents an 17.77% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.15%, 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 0.07.
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 20.76 points at the first support level, and at 20.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.32, and for the 2nd resistance point, it is at 21.58.
Ratios To Look Out For
It is important to note that DoubleVerify Holdings Inc [NYSE:DV] has a current ratio of 6.57. As well, the Quick Ratio is 6.57, while the Cash Ratio is 3.54. Considering the valuation of this stock, the price to sales ratio is 5.58, the price to book ratio is 3.18 and price to earnings (TTM) ratio is 55.88.
Transactions by insiders
Recent insider trading involved Desmond Laura, Director, that happened on Nov 21 ’24 when 37500.0 shares were sold. Chief Financial Officer, Allais Nicola T completed a deal on Nov 21 ’24 to sell 2274.0 shares. Meanwhile, Chief Financial Officer Allais Nicola T sold 2220.0 shares on Nov 22 ’24.
