In yesterday’s Wall Street session, DoubleVerify Holdings Inc (NYSE:DV) shares traded at $21.12, down -2.13% from the previous session.
DV stock price is now 9.34% away from the 50-day moving average and -29.05% away from the 200-day moving average. The market capitalization of the company currently stands at $3.63B.
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With the price target reduced from $40 to $21, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for DoubleVerify Holdings Inc (NYSE: DV). On May 09, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $45 to quote $18, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
In other news, Allais Nicola T, Chief Financial Officer sold 1,764 shares of the company’s stock on Jul 19 ’24. The stock was sold for $34,362 at an average price of $19.48. Upon completion of the transaction, the Chief Financial Officer now directly owns 77,314 shares in the company, valued at $1.63 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18 ’24, Chief Financial Officer Allais Nicola T sold 1,764 shares of the business’s stock. A total of $35,569 was realized by selling the stock at an average price of $20.16. This leaves the insider owning 77,314 shares of the company worth $1.63 million. A total of 15.86% of the company’s stock is owned by insiders.
During the past 12 months, DoubleVerify Holdings Inc has had a low of $17.50 and a high of $43.00. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 7.04, and a quick ratio of 7.04. According to the stock market information, the enterprise value for the company is $3477236736, which is based on a 60.52 price-to-earnings ratio, a 2.88 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for DV is $19.348 and a two-hundred day moving average price translates $29.73255 for the stock.
The latest earnings results from DoubleVerify Holdings Inc (NYSE: DV) was released for 2024-06-30. The net profit margin was 9.97% and return on equity was 5.99% for DV. The company reported revenue of $155.89 million for the quarter, compared to $133.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.56 percent.
