DoubleVerify Holdings Inc. (NYSE:DV) price on Friday, August 27, rose 8.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $33.58.
A look at the stock’s price movement, the close in the last trading session was $31.05, moving within a range at $30.86 and $33.96. The PE ratio in trailing twelve months stood at 699.58. Turning to its 52-week performance, $48.42 and $27.16 were the 52-week high and 52-week low respectively. Overall, DV moved -6.46% over the past month.
DoubleVerify Holdings Inc.’s market cap currently stands at around $5.23 billion, with investors looking forward to this quarter’s earnings report slated for Jul 29, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.01, which has seen fiscal year 2021 EPS growth forecast to increase to $0.15 and about $0.39 for fiscal year 2022.
Analysts have a consensus estimate of $76.52 million for the company’s revenue for the quarter, with a low and high estimate of $72.8 million and $73.8 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 1 upward and no downward review(s).
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 7 recommend DV as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DV’s current price about 1.71% and -7.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.31, while 7-day volatility ratio is 4.62% and 4.68% in the 30-day chart. Further, DoubleVerify Holdings Inc. (DV) has a beta value of 0, and an average true range (ATR) of 1.66. Analysts have given the company’s stock an average 52-week price target of $40.50, forecast between a low of $36.00 and high of $44.00. Looking at the price targets, the low is -7.21% off current price level while to achieve the yearly target high, price needs to move -31.03%. Nonetheless, investors will most likely welcome a -20.61% jump to $40.50 which is the analysts’ median price.
In the market, a comparison of DoubleVerify Holdings Inc. (DV) and its peers suggest the former has performed considerably stronger. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.69% respectively in the last trading.
If we refocus on DoubleVerify Holdings Inc. (NYSE:DV), historical trading data shows that trading volumes averaged 375.39K over the past 3 months. The company’s latest data on shares outstanding shows there are 149.60 million shares.
The 0.30% of DoubleVerify Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 94.10% of the company’s shares. Current price change has pushed the stock -6.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DV stock continues to rise going into the next quarter.