The stock of DoubleVerify Holdings Inc (DV) has seen a 4.33% increase in the past week, with a -6.91% drop in the past month, and a -26.43% decrease in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 2.80% for DV. The simple moving average for the last 20 days is -0.61% for DV stock, with a simple moving average of -8.54% for the last 200 days.
Is It Worth Investing in DoubleVerify Holdings Inc (NYSE: DV) Right Now?
The price-to-earnings ratio for DoubleVerify Holdings Inc (NYSE: DV) is above average at 74.34x. The 36-month beta value for DV is also noteworthy at 1.12. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DV is 138.87M, and at present, short sellers hold a 5.14% of that float. The average trading volume of DV on May 08, 2024 was 1.98M shares.
DV) stock’s latest price update
The stock price of DoubleVerify Holdings Inc (NYSE: DV) has plunged by -1.48 when compared to previous closing price of 31.03, but the company has seen a 4.33% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Besides Wall Street’s top -and-bottom-line estimates for DoubleVerify (DV), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Analysts’ Opinion of DV
Many brokerage firms have already submitted their reports for DV stocks, with Macquarie repeating the rating for DV by listing it as a “Outperform.” The predicted price for DV in the upcoming period, according to Macquarie is $40 based on the research report published on March 11, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see DV reach a price target of $47. The rating they have provided for DV stocks is “Buy” according to the report published on January 11th, 2024.
BMO Capital Markets gave a rating of “Outperform” to DV, setting the target price at $44 in the report published on January 09th of the current year.
DV Trading at -5.72% from the 50-Day Moving Average
After a stumble in the market that brought DV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.91% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares sank -8.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.07% lower at present.
During the last 5 trading sessions, DV rose by +4.33%, which changed the moving average for the period of 200-days by -25.78% in comparison to the 20-day moving average, which settled at $30.62. In addition, DoubleVerify Holdings Inc saw -16.88% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DV starting from Allais Nicola T, who sale 5,292 shares at the price of $30.86 back on Apr 24 ’24. After this action, Allais Nicola T now owns 73,030 shares of DoubleVerify Holdings Inc, valued at $163,289 using the latest closing price.
Allais Nicola T, the Chief Financial Officer of DoubleVerify Holdings Inc, sale 5,292 shares at $29.69 during a trade that took place back on Apr 23 ’24, which means that Allais Nicola T is holding 73,030 shares at $157,110 based on the most recent closing price.
Stock Fundamentals for DV
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.79 for the gross margin
The net margin for DoubleVerify Holdings Inc stands at 0.12. The total capital return value is set at 0.07. Equity return is now at value 7.33, with 6.27 for asset returns.
Based on DoubleVerify Holdings Inc (DV), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 1.39. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 80.38.
Currently, EBITDA for the company is 128.78 million with net debt to EBITDA at -1.68. When we switch over and look at the enterprise to sales, we see a ratio of 8.75. The receivables turnover for the company is 2.77for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.36.
Conclusion
In summary, DoubleVerify Holdings Inc (DV) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
