The stock of DoubleVerify Holdings Inc (DV) has gone down by -4.50% for the week, with a -4.50% drop in the past month and a -16.03% drop in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are 2.79% for DV. The simple moving average for the past 20 days is -2.80% for DV’s stock, with a -35.66% simple moving average for the past 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 47.42x, Company’s 36-month beta value is 0.91.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for DV is 142.77M, and currently, short sellers hold a 6.75% ratio of that floaft. The average trading volume of DV on October 23, 2024 was 2.31M shares.
DV) stock’s latest price update
The stock price of DoubleVerify Holdings Inc (NYSE: DV) has plunged by -5.05 when compared to previous closing price of 17.43, but the company has seen a -4.50% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-10-16 that NEW YORK–(BUSINESS WIRE)–DoubleVerify (“DV”) (NYSE: DV), the leading software platform for digital media measurement, today announced a new integration with Spotify to authenticate media quality on the platform. This release enables advertisers to measure fraud/invalid traffic (IVT) and viewability on video campaigns delivered through Spotify’s self-serve advertising platform, Spotify Ads Manager. “DoubleVerify is driven to ensure media spend is protected and performance is optimized anywhere.
Analysts’ Opinion of DV
Many brokerage firms have already submitted their reports for DV stocks, with Morgan Stanley repeating the rating for DV by listing it as a “Equal-Weight.” The predicted price for DV in the upcoming period, according to Morgan Stanley is $21 based on the research report published on June 25, 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 $18, previously predicting the price at $45. The rating they have provided for DV stocks is “Underperform” according to the report published on May 09th, 2024.
DV Trading at -7.52% 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 -61.51% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -5.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.91% lower at present.
During the last 5 trading sessions, DV fell by -4.50%, which changed the moving average for the period of 200-days by -51.68% in comparison to the 20-day moving average, which settled at $17.03. In addition, DoubleVerify Holdings Inc saw -55.00% 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 1,764 shares at the price of $17.21 back on Oct 07 ’24. After this action, Allais Nicola T now owns 81,598 shares of DoubleVerify Holdings Inc, valued at $30,365 using the latest closing price.
Allais Nicola T, the Chief Financial Officer of DoubleVerify Holdings Inc, sale 1,764 shares at $16.92 during a trade that took place back on Oct 04 ’24, which means that Allais Nicola T is holding 81,598 shares at $29,844 based on the most recent closing price.
Stock Fundamentals for DV
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.77 for the gross margin
The net margin for DoubleVerify Holdings Inc stands at 0.1. The total capital return value is set at 0.06. Equity return is now at value 5.99, with 5.19 for asset returns.
Based on DoubleVerify Holdings Inc (DV), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.71. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 71.84.
Currently, EBITDA for the company is 128.78 million with net debt to EBITDA at -1.39. When we switch over and look at the enterprise to sales, we see a ratio of 4.32. The receivables turnover for the company is 3.26for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.04.
Conclusion
In a nutshell, DoubleVerify Holdings Inc (DV) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
