The stock price of DoubleVerify Holdings Inc (NYSE: DV) has jumped by 0.97 compared to previous close of 19.57. Despite this, the company has seen a fall of -0.95% in its stock price over the last five trading days. businesswire.com reported 2024-12-17 that NEW YORK–(BUSINESS WIRE)–EDO, the TV outcomes company, and DoubleVerify, a leading software platform for digital media measurement, data, and analytics, today announced a first-of-its-kind partnership to deliver AI-powered optimization for Connected TV (CTV) advertising. Leveraging DV Scibids AI™—DoubleVerify’s proprietary technology designed to maximize ad performance and cost efficiency across the world’s leading DSPs—the partnership sets a new standard for precision in the rapidly growing.
Is It Worth Investing in DoubleVerify Holdings Inc (NYSE: DV) Right Now?
DoubleVerify Holdings Inc (NYSE: DV) has a higher price-to-earnings ratio of 52.43x compared to its average ratio. DV has 36-month beta value of 0.98. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 9 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for DV is 141.87M, and currently, short sellers hold a 4.80% ratio of that float. The average trading volume of DV on December 26, 2024 was 2.07M shares.
DV’s Market Performance
The stock of DoubleVerify Holdings Inc (DV) has seen a -0.95% decrease in the past week, with a -1.54% drop in the past month, and a 17.13% gain in the past quarter. The volatility ratio for the week is 3.59%, and the volatility levels for the past 30 days are at 2.79% for DV. The simple moving average for the last 20 days is -2.51% for DV’s stock, with a simple moving average of -8.17% for the last 200 days.
Analysts’ Opinion of DV
Many brokerage firms have already submitted their reports for DV stocks, with Raymond James repeating the rating for DV by listing it as a “Outperform.” The predicted price for DV in the upcoming period, according to Raymond James is $25 based on the research report published on December 18, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see DV reach a price target of $24. The rating they have provided for DV stocks is “Sector Outperform” according to the report published on December 05th, 2024.
Wells Fargo gave a rating of “Underweight” to DV, setting the target price at $14 in the report published on October 29th of the current year.
DV Trading at 3.12% 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 -54.05% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares sank -4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.46% upper at present.
During the last 5 trading sessions, DV fell by -0.95%, which changed the moving average for the period of 200-days by -38.61% in comparison to the 20-day moving average, which settled at $20.27. In addition, DoubleVerify Holdings Inc saw -46.28% 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 2,071 shares at the price of $20.51 back on Dec 18 ’24. After this action, Allais Nicola T now owns 85,882 shares of DoubleVerify Holdings Inc, valued at $42,469 using the latest closing price.
Allais Nicola T, the Chief Financial Officer of DoubleVerify Holdings Inc, sale 1,667 shares at $20.06 during a trade that took place back on Dec 17 ’24, which means that Allais Nicola T is holding 85,882 shares at $33,443 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 4.89. 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
To put it simply, DoubleVerify Holdings Inc (DV) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
