DoubleVerify Holdings Inc (NYSE:DV) price on Friday, February 07, fall -0.18% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.69.
A look at the stock’s price movement, the close in the last trading session was $21.73, moving within a range at $21.56 and $21.9099. The beta value (5-Year monthly) was 0.9 while the PE ratio in trailing twelve months stood at 57.55. Turning to its 52-week performance, $43.00 and $16.11 were the 52-week high and 52-week low respectively. Overall, DV moved 12.85% over the past month.
DoubleVerify Holdings Inc’s market cap currently stands at around $3.67 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 196.81M for the company’s revenue for the quarter, with a low and high estimate of 193.89M and 199.5M respectively. The average forecast suggests up to a 14.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 663M, representing a 15.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that DV is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
11 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 2 analyst(s) rate the stock as a Hold, 9 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DV’s current price about 6.62% and 7.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.73, while 7-day volatility ratio is 3.00% and 2.89% in the 30-day chart. Further, DoubleVerify Holdings Inc (DV) has a beta value of 0.99, and an average true range (ATR) of 0.59. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $19 and high of $36. Looking at the price targets, the low is 12.4% off current price level while to achieve the yearly target high, price needs to move -65.98%. Nonetheless, investors will most likely welcome a -6.04% jump to $23 which is the analysts’ median price.
If we refocus on DoubleVerify Holdings Inc (NYSE:DV), historical trading data shows that trading volumes averaged 1.18 over the past 10 days and 1.68 million over the past 3 months. The company’s latest data on shares outstanding shows there are 170.63 million shares.
The 16.11% of DoubleVerify Holdings Inc’s shares are in the hands of company insiders while institutional holders own 85.11% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.67 million on 2025-01-15, giving us a short ratio of 4.7. The data shows that as of 2025-01-15 short interest in DoubleVerify Holdings Inc (DV) stood at 757.0 of shares outstanding, with shares short rising to 6.81 million registered in 2024-12-13. Current price change has pushed the stock 12.91% 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.
