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DoubleVerify Holdings Inc (DV) – Don’t Be So Quick to Call it Dead

DoubleVerify Holdings Inc (NYSE: DV) is -47.44% lower on its value in year-to-date trading and has touched a low of $16.11 and a high of $43.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DV stock was last observed hovering at around $19.28 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $19.33, the stock is 3.75% and 9.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing 0.26% at the moment leaves the stock -17.91% off its SMA200. DV registered -38.75% loss for a year compared to 6-month loss of 2.06%. The firm has a 50-day simple moving average (SMA 50) of $17.6752 and a 200-day simple moving average (SMA200) of $23.658.

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The stock witnessed a 16.80% gain in the last 1 month and extending the period to 3 months gives it a 1.15%, and is -4.92% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 3.76% over the month.

DoubleVerify Holdings Inc (DV) has around 1101 employees, a market worth around $3.27B and $638.46M in sales. Current P/E ratio is 51.29 and Fwd P/E is 18.93. Profit margin for the company is 10.33%. Distance from 52-week low is 19.95% and -55.05% from its 52-week high. The company has generated returns on investments over the last 12 months (5.44%).

The EPS is expected to grow by 23.21% this year

429.0 institutions hold shares in DoubleVerify Holdings Inc (DV), with institutional investors hold 102.03% of the company’s shares. The shares outstanding are 171.15M, and float is at 142.02M with Short Float at 6.66%. Institutions hold 101.43% of the Float.

The top institutional shareholder in the company is PROVIDENCE EQUITY PARTNERS L.L.C. with over 26.29 million shares valued at $511.88 million. The investor’s holdings represent 15.3185 of the DV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 22.36 million shares valued at $435.43 million to account for 13.0307 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.82 million shares representing 9.7998 and valued at over $327.47 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 3.5842 of the shares totaling 6.15 million with a market value of $119.77 million.

DoubleVerify Holdings Inc (DV) Insider Activity

The most recent transaction is an insider sale by Allais Nicola T, the company’s Chief Financial Officer. SEC filings show that Allais Nicola T sold 1,764 shares of the company’s common stock on Nov 14 ’24 at a price of $20.30 per share for a total of $35802.0. Following the sale, the insider now owns 81598.0 shares.

DoubleVerify Holdings Inc disclosed in a document filed with the SEC on Nov 15 ’24 that Allais Nicola T (Chief Financial Officer) sold a total of 1,764 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $19.73 per share for $34795.0. Following the transaction, the insider now directly holds 81598.0 shares of the DV stock.

Still, SEC filings show that on Nov 14 ’24, Nicola Allais (Officer) Proposed Sale 3,528 shares at an average price of $20.05 for $70736.0. The insider now directly holds shares of DoubleVerify Holdings Inc (DV).

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