Is DoubleVerify Holdings Inc (DV) positioned for future growth?

With 1.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.72 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $42.98 whereas the lowest price it dropped to was $41.50. The 52-week range on DV shows that it touched its highest point at $42.51 and its lowest point at $23.42 during that stretch. It currently has a 1-year price target of $41.75. Beta for the stock currently stands at 1.16.

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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 4.11%, but this was up by 19.48% over a month. Three-month performance surged to 43.49% while six-month performance rose 27.69%. The stock gained 48.74% in the past year, while it has gained 15.09% so far this year. A look at the trailing 12-month EPS for DV yields 0.33 with Next year EPS estimates of 0.74. For the next quarter, that number is 0.21. This implies an EPS growth rate of 157.85% for this year and 15.35% for next year. EPS is expected to grow by 19.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 87.97%.

Float and Shares Shorts:

At present, 165.42 million DV shares are outstanding with a float of 137.63 million shares on hand for trading. On Jan 11, 2024, short shares totaled 3.94 million, which was 2.32% higher than short shares on Dec 14, 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 101.53% of DV’s outstanding shares, institutional investors have majority control over the company.

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 $50.00 and a low target of $32.00, the average target price over the next 12 months is $42.44. Based on these targets, DV could surge 18.12% to reach the target high and fall by -24.4% to reach the target low. Reaching the average price target will result in a growth of 0.26% from current levels.

Summary of Insider Activity:

Insiders traded DV stock several times over the past three months with 4 Buys and 9 Sells. In these transactions, 449,731 shares were bought while 25,453,677 shares were sold. The number of buy transactions has increased to 84 while that of sell transactions has risen to 112 over the past year. The total number of shares bought during that period was 1,652,654 while 80,314,989 shares were sold.