While DoubleVerify Holdings Inc has underperformed by -0.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DV rose by 7.30%, with highs and lows ranging from $43.00 to $26.23, whereas the simple moving average fell by -3.30% in the last 200 days.
On March 11, 2024, Macquarie Upgraded DoubleVerify Holdings Inc (NYSE: DV) to Outperform. A report published by BofA Securities on January 11, 2024, Initiated its previous ‘Buy’ rating for DV. BMO Capital Markets also rated DV shares as ‘Outperform’, setting a target price of $44 on the company’s shares in an initiating report dated January 09, 2024. Morgan Stanley Initiated an Overweight rating on December 13, 2023, and assigned a price target of $40. Macquarie initiated its ‘Neutral’ rating for DV, as published in its report on September 27, 2023. Robert W. Baird’s report from August 18, 2023 suggests a price prediction of $38 for DV shares, giving the stock a ‘Outperform’ rating. Stephens also rated the stock as ‘Overweight’.
Analysis of DoubleVerify Holdings Inc (DV)
Further, the quarter-over-quarter increase in sales is 28.88%, showing a positive trend in the upcoming months.
One of the most important indicators of DoubleVerify Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 7.33% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 6.36, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and DV is recording 1.90M average volume. On a monthly basis, the volatility of the stock is set at 3.37%, whereas on a weekly basis, it is put at 4.27%, with a gain of 0.88% over the past seven days. Furthermore, long-term investors anticipate a median target price of $41.03, showing growth from the present price of $33.20, which can serve as yet another indication of whether DV is worth investing in or should be passed over.
How Do You Analyze DoubleVerify Holdings Inc Shares?
The Software – Application market is dominated by DoubleVerify Holdings Inc (DV) based in the USA. When comparing DoubleVerify Holdings Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 80.74, there is a growth in quarterly earnings of 79.34%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.03%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 83.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DV shares are owned by institutional investors to the tune of 83.98% at present.
