DoubleVerify Holdings Inc. (DV) can make a big difference with a little luck

DoubleVerify Holdings Inc. (NYSE: DV) stock jumped 3.56% on Friday to $23.87 against a previous-day closing price of $23.05. With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $25.03 whereas the lowest price it dropped to was $23.07. The 52-week range on DV shows that it touched its highest point at $40.79 and its lowest point at $17.22 during that stretch. It currently has a 1-year price target of $32.67.

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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 2.67%, but this was down by -3.28% over a month. Three-month performance surged to 11.02% while six-month performance fell -14.69%. The stock lost -31.31% in the past year, while it has lost -28.28% so far this year. A look at the trailing 12-month EPS for DV yields 0.15 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.04. This implies an EPS growth rate of 38.90% for this year and 36.14% for next year.

Float and Shares Shorts:

At present, 162.61 million DV shares are outstanding with a float of 162.42 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.15 million, which was 1.92% higher than short shares on Jun 14, 2022. 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 96.63% of DV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.23% of DV, in contrast to 20.97% held by mutual funds. Shares owned by individuals account for 13.55%. As the largest shareholder in DV with 4.15% of the stake, Fidelity Management & Research Co holds 6,781,079 shares worth 6,781,079. A second-largest stockholder of DV, Tiger Global Management LLC, holds 6,420,000 shares, controlling over 3.93% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in DV, holding 4,017,118 shares or 2.46% stake. With a 1.98% stake in DV, the American Funds Small Cap World Fu is the largest stakeholder. A total of 3,242,000 shares are owned by the mutual fund manager. The BlackRock Strategic Fds. – Global, which owns about 1.67% of DV stock, is the second-largest Mutual Fund holder. It holds 2,737,404 shares valued at 62.06 million. Fidelity Advisor Series I -Growth holds 1.63% of the stake in DV, owning 2,664,445 shares worth 60.4 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DV since 14 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 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 $42.00 and a low target of $21.00, the average target price over the next 12 months is $31.50. Based on these targets, DV could surge 75.95% to reach the target high and fall by -12.02% to reach the target low. Reaching the average price target will result in a growth of 31.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DV will report FY 2022 earnings on 03/07/2023. Analysts have provided yearly estimates in a range of $0.65 being high and $0.21 being low. For DV, this leads to a yearly average estimate of $0.51. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. DoubleVerify Holdings Inc. reported $0.06 EPS against a consensus estimate of $0.06. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.10.

Summary of Insider Activity:

Insiders traded DV stock several times over the past three months with 9 Buys and 11 Sells. In these transactions, 62,221 shares were bought while 49,522 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 69 over the past year. The total number of shares bought during that period was 4,346,300 while 27,926,461 shares were sold.

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