This trade activity should not be overlooked: DoubleVerify Holdings Inc. (DV)

DoubleVerify Holdings Inc. (NYSE: DV) stock fell -0.38% on Tuesday to $31.46 against a previous-day closing price of $31.58. With 1.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.38 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $32.38 whereas the lowest price it dropped to was $31.21. The 52-week range on DV shows that it touched its highest point at $32.43 and its lowest point at $20.28 during that stretch. It currently has a 1-year price target of $35.58.

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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 12.24%, but this was up by 4.00% over a month. Three-month performance surged to 16.30% while six-month performance rose 21.94%. The stock gained 41.01% in the past year, while it has gained 43.26% so far this year. A look at the trailing 12-month EPS for DV yields 0.30 with Next year EPS estimates of 0.49. For the next quarter, that number is 0.06. This implies an EPS growth rate of 38.60% for this year and 44.84% for next year.

Float and Shares Shorts:

At present, 165.63 million DV shares are outstanding with a float of 163.75 million shares on hand for trading. On Apr 27, 2023, short shares totaled 5.13 million, which was 3.09% higher than short shares on Mar 30, 2023. 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 96.39% of DV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.03% of DV, in contrast to 40.58% held by mutual funds. Shares owned by individuals account for 19.90%. As the largest shareholder in DV with 6.62% of the stake, BlackRock Fund Advisors holds 10,954,863 shares worth 10,954,863. A second-largest stockholder of DV, The Vanguard Group, Inc., holds 7,417,506 shares, controlling over 4.48% of the firm’s shares. T. Rowe Price Investment Manageme is the third largest shareholder in DV, holding 7,103,585 shares or 4.29% stake. With a 3.83% stake in DV, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,336,905 shares are owned by the mutual fund manager. The BlackRock Strategic Fds. – Global, which owns about 2.39% of DV stock, is the second-largest Mutual Fund holder. It holds 3,954,096 shares valued at 116.33 million. American Funds Small Cap World Fu holds 2.13% of the stake in DV, owning 3,517,500 shares worth 103.48 million.

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 Mar 30, 2023, DV reported revenue of $109.81M and operating income of $13.17M. The EBITDA in the recently reported quarter was $21.34M and diluted EPS was $0.06.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DV since 0 analysts follow the stock currently. 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 $40.00 and a low target of $30.00, the average target price over the next 12 months is $35.21. Based on these targets, DV could surge 27.15% to reach the target high and fall by -4.64% to reach the target low. Reaching the average price target will result in a growth of 11.92% 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.

Summary of Insider Activity:

Insiders traded DV stock several times over the past three months with 17 Buys and 29 Sells. In these transactions, 439,119 shares were bought while 29,174,479 shares were sold. The number of buy transactions has increased to 78 while that of sell transactions has risen to 126 over the past year. The total number of shares bought during that period was 1,005,346 while 59,613,579 shares were sold.

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