DoubleVerify Holdings Inc (NYSE: DV)’s stock price has soared by 0.36 in relation to previous closing price of 19.21. Nevertheless, the company has seen a loss of -5.49% in its stock price over the last five trading days. zacks.com reported 2024-11-12 that DoubleVerify (DV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Is It Worth Investing in DoubleVerify Holdings Inc (NYSE: DV) Right Now?
DoubleVerify Holdings Inc (NYSE: DV) has a price-to-earnings ratio of 51.15x that is above its average ratio. Additionally, the 36-month beta value for DV is 0.93. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 7 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
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The public float for DV is 142.02M and currently, short sellers hold a 6.66% ratio of that float. The average trading volume of DV on November 20, 2024 was 2.27M shares.
DV’s Market Performance
DV’s stock has seen a -5.49% decrease for the week, with a 10.61% rise in the past month and a -2.03% fall in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 3.91% for DoubleVerify Holdings Inc The simple moving average for the past 20 days is 4.35% for DV’s stock, with a -18.51% simple moving average for the past 200 days.
Analysts’ Opinion of DV
Many brokerage firms have already submitted their reports for DV stocks, with Wells Fargo repeating the rating for DV by listing it as a “Underweight.” The predicted price for DV in the upcoming period, according to Wells Fargo is $14 based on the research report published on October 29, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see DV reach a price target of $21, previously predicting the price at $40. The rating they have provided for DV stocks is “Equal-Weight” according to the report published on June 25th, 2024.
BofA Securities gave a rating of “Underperform” to DV, setting the target price at $18 in the report published on May 09th of the current year.
DV Trading at 9.08% 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 -55.16% of loss for the given period.
Volatility was left at 3.91%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares surge +16.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.13% upper at present.
During the last 5 trading sessions, DV fell by -5.49%, which changed the moving average for the period of 200-days by -53.92% in comparison to the 20-day moving average, which settled at $18.48. In addition, DoubleVerify Holdings Inc saw -47.58% 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 $20.30 back on Nov 14 ’24. After this action, Allais Nicola T now owns 81,598 shares of DoubleVerify Holdings Inc, valued at $35,802 using the latest closing price.
Allais Nicola T, the Chief Financial Officer of DoubleVerify Holdings Inc, sale 1,764 shares at $19.73 during a trade that took place back on Nov 15 ’24, which means that Allais Nicola T is holding 81,598 shares at $34,795 based on the most recent closing price.
Stock Fundamentals for DV
Current profitability levels for the company are sitting at:
- 0.13 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 0.07. Equity return is now at value 6.16, with 5.30 for asset returns.
Currently, EBITDA for the company is 137.83 million with net debt to EBITDA at -1.56. When we switch over and look at the enterprise to sales, we see a ratio of 4.77. The receivables turnover for the company is 3.3for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.57.
Conclusion
In conclusion, DoubleVerify Holdings Inc (DV) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
