Market Momentum: DoubleVerify Holdings Inc (DV) Registers a -1.10 Decrease, Closing at 18.00

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DoubleVerify Holdings Inc (NYSE: DV) closed the day trading at $18.00 down -1.10% from the previous closing price of $18.20. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 2.07 million shares were traded. DV stock price reached its highest trading level at $18.52 during the session, while it also had its lowest trading level at $17.955.

Ratios:

For a better understanding of DV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.91. For the most recent quarter (mrq), Quick Ratio is recorded 7.30 and its Current Ratio is at 7.30. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on May 09, 2024, Downgraded its rating to Underperform and sets its target price to $18 from $45 previously.

Macquarie Upgraded its Neutral to Outperform on March 11, 2024, while the target price for the stock was maintained at $40.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 21 ’24 when Allais Nicola T sold 1,764 shares for $18.79 per share. The transaction valued at 33,152 led to the insider holds 73,030 shares of the business.

Allais Nicola T sold 1,764 shares of DV for $34,524 on May 20 ’24. The Chief Financial Officer now owns 73,030 shares after completing the transaction at $19.57 per share. On May 14 ’24, another insider, Allais Nicola T, who serves as the Chief Financial Officer of the company, sold 1,764 shares for $19.42 each. As a result, the insider received 34,257 and left with 73,030 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DV now has a Market Capitalization of 3092327936 and an Enterprise Value of 2847959040. As of this moment, DoubleVerify’s Price-to-Earnings (P/E) ratio for their current fiscal year is 47.26, and their Forward P/E ratio for the next fiscal year is 19.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.23 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 4.821 whereas that against EBITDA is 24.936.

Stock Price History:

Over the past 52 weeks, DV has reached a high of $43.00, while it has fallen to a 52-week low of $17.74. The 50-Day Moving Average of the stock is -34.25%, while the 200-Day Moving Average is calculated to be -43.61%.

Shares Statistics:

Over the past 3-months, DV traded about 2.77M shares per day on average, while over the past 10 days, DV traded about 3175150 shares per day. A total of 171.15M shares are outstanding, with a floating share count of 139.30M. Insiders hold about 18.92% of the company’s shares, while institutions hold 88.71% stake in the company. Shares short for DV as of 1715731200 were 4621794 with a Short Ratio of 1.67, compared to 1713139200 on 7140503. Therefore, it implies a Short% of Shares Outstanding of 4621794 and a Short% of Float of 3.9.

Earnings Estimates

The current rating of DoubleVerify Holdings Inc (DV) is the result of assessments by 13.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.03, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.07, with high estimates of $0.1 and low estimates of $0.05.

Analysts are recommending an EPS of between $0.38 and $0.23 for the fiscal current year, implying an average EPS of $0.31. EPS for the following year is $0.43, with 14.0 analysts recommending between $0.6 and $0.28.

Revenue Estimates

19 analysts predict $153.86M in revenue for the current quarter. It ranges from a high estimate of $154.71M to a low estimate of $151.8M. As of the current estimate, DoubleVerify Holdings Inc’s year-ago sales were $133.74MFor the next quarter, 19 analysts are estimating revenue of $168.15M. There is a high estimate of $170.42M for the next quarter, whereas the lowest estimate is $165.5M.

A total of 19 analysts have provided revenue estimates for DV’s current fiscal year. The highest revenue estimate was $671.5M, while the lowest revenue estimate was $656.78M, resulting in an average revenue estimate of $668.11M. In the same quarter a year ago, actual revenue was $572.54MBased on 19 analysts’ estimates, the company’s revenue will be $794.16M in the next fiscal year. The high estimate is $822M and the low estimate is $755.3M.

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