Stocks of DoubleVerify Holdings Inc [DV] are gaining investors’ attention: here’s why

Stocks of DoubleVerify Holdings Inc (NYSE:DV) traded higher last session on Wall Street, up 0.29% to $31.49.

According to the data, DoubleVerify Holdings Inc (NYSE:DV) has 19 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $48.00 and a low of $30.00, we find $40.00. Given the previous closing price of $31.40, this indicates a potential upside of 27.39 percent. DV stock price is now 10.22% away from the 50-day moving average and 1.10% away from the 200-day moving average. The market capitalization of the company currently stands at $5.35B.

A total of 2 analysts have issued a hold rating and 14 have given it a buy rating. Brokers who have rated the stock have averaged $39.67 as their price target over the next twelve months.

With the price target of $30, Macquarie recently initiated with Neutral rating for DoubleVerify Holdings Inc (NYSE: DV).

In other news, Allais Nicola T, Chief Financial Officer sold 9,231 shares of the company’s stock on Nov 14. The stock was sold for $285,562 at an average price of $30.94. Upon completion of the transaction, the Chief Financial Officer now directly owns 62,602 shares in the company, valued at $1.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13, Chief Financial Officer Allais Nicola T sold 9,231 shares of the business’s stock. A total of $276,462 was realized by selling the stock at an average price of $29.95. This leaves the insider owning 62,602 shares of the company worth $1.97 million. Insiders disposed of 57,919,693 shares of company stock worth roughly $1.82 billion over the past 1 year. A total of 27.93% of the company’s stock is owned by insiders.

Wednesday’s opening bell rang with an opening price of $31.52 for DoubleVerify Holdings Inc (NYSE: DV). During the past 12 months, DoubleVerify Holdings Inc has had a low of $20.38 and a high of $42.51. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 6.28, and a quick ratio of 6.28. According to the stock market information, the enterprise value for the company is $5.18B, which is based on a 96.12 price-to-earnings ratio, a 4.95 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for DV is $28.57 and a two-hundred day moving average price translates $31.15 for the stock.

The latest earnings results from DoubleVerify Holdings Inc (NYSE: DV) was released for Sep, 2023. The net profit margin was 10.57% and return on equity was 6.10% for DV. The company reported revenue of $143.97 million for the quarter, compared to $112.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.26 percent.

DoubleVerify Holdings Inc(DV) Company Profile

DoubleVerify Holdings, Inc. provides a software platform for digital media measurement, and analytics in the United States and internationally. The company provides solutions to advertisers unbiased data analytics that enable advertisers to increase the effectiveness, quality and return on their digital advertising investments. It also offers solutions include DV Authentic Ad, a metric of digital media quality, which evaluates the existence of fraud-free, brand-suitable, viewability, and geography for each digital ad; DV Authentic Attention solution that provides exposure and engagement predictive analytics to drive campaign performance; and Custom Contextual solution, which allows advertisers to match their ads to relevant content to maximize user engagement and drive campaign performance. In addition, it offers DV Publisher suite, a solution for digital publishers to manage revenue and increase inventory yield by improving video delivery, identifying lost or unfilled sales, and aggregate data across all inventory sources; and DV Pinnacle, a service and analytics platform user interface that allows its customers to adjust and deploy controls for their media plan and track campaign performance metrics across channels, formats, and devices. Further, the company software solutions are integrated in the digital advertising ecosystem, including programmatic platforms, social media channels, and digital publishers. It serves brands, publishers, and other supply-side customers covering various industry verticals, including consumer packaged goods, financial services, telecommunications, technology, automotive, and healthcare. DoubleVerify Holdings, Inc. was founded in 2008 and is headquartered in New York, New York.