Ready to Jump After Recent Trade: DoubleVerify Holdings Inc (DV)

With 2.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.21 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $18.41 whereas the lowest price it dropped to was $17.47. The 52-week range on DV shows that it touched its highest point at $43.00 and its lowest point at $16.11 during that stretch. It currently has a 1-year price target of $24.00. Beta for the stock currently stands at 0.90.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DV was up-trending over the past week, with a rise of 6.18%, but this was up by 9.22% over a month. Three-month performance dropped to -0.81% while six-month performance fell -39.91%. The stock lost -37.45% in the past year, while it has lost -50.05% so far this year. A look at the trailing 12-month EPS for DV yields 0.35 with Next year EPS estimates of 0.98. For the next quarter, that number is 0.20. This implies an EPS growth rate of 15.22% for this year and 13.05% for next year. EPS is expected to grow by 16.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 82.60%.

Float and Shares Shorts:

At present, 171.15 million DV shares are outstanding with a float of 142.76 million shares on hand for trading. On 2024-10-15, short shares totaled 10.5 million, which was 618.0 higher than short shares on 1726185600. In addition to Mr. Mark S. Zagorski as the firm’s CEO & Director, Mr. Nicola T. Allais serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 1.0165 of DV’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, DV reported revenue of $155890000.0 and operating income of $11049000.0. The EBITDA in the recently reported quarter was $25356000.0 and diluted EPS was $0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DV since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DV analysts setting a high price target of 36.0 and a low target of 14.0, the average target price over the next 12 months is 24.22. Based on these targets, DV could surge 95.97% to reach the target high and fall by -23.79% to reach the target low. Reaching the average price target will result in a growth of 31.85% from current levels.

Analysts have provided yearly estimates in a range of $0.9526 being high and $0.7794 being low. For DV, this leads to a yearly average estimate of $0.866. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.2 and the low estimate is $0.12. The average estimate for the next quarter is thus $0.16.