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DoubleVerify Holdings Inc. (NYSE:DV) Stock Ripped 31.69% Year-To-Date, What Will Happen Next?

In last trading session, DoubleVerify Holdings Inc. (NYSE:DV) saw 7.5 million shares changing hands with its beta currently measuring 0.95. Company’s recent per share price level of $28.92 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $5.04B. That closing price of DV’s stock is at a discount of -46.99% from its 52-week high price of $42.51 and is indicating a premium of 29.53% from its 52-week low price of $20.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.89 million shares which gives us an average trading volume of 1.79 million if we extend that period to 3-months.

For DoubleVerify Holdings Inc. (DV), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 3 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.06 in the current quarter.

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DoubleVerify Holdings Inc. (NYSE:DV) trade information

DV remained trading in the red while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $28.92 price level, adding 7.87% to its value on the day. DoubleVerify Holdings Inc.’s shares saw a change of 31.69% in year-to-date performance and have moved -6.59% in past 5-day. DoubleVerify Holdings Inc. (NYSE:DV) showed a performance of -11.94% in past 30-days. Number of shares sold short was 4.82 million shares which calculate 2.06 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $42.71 to the stock, which implies a rise of 32.29% to its current value. Analysts have been projecting $30.00 as a low price target for the stock while placing it at a high target of $50.00. It follows that stock’s current price would drop -72.89% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.73% for stock’s current value.

DoubleVerify Holdings Inc. (DV) estimates and forecasts

Statistics highlight that DoubleVerify Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 13.10% of value to its shares in past 6 months, showing an annual growth rate of 44.00% while that of industry is 22.00. Apart from that, the company came raising its revenue forecast for fiscal year 2023. This year revenue growth is estimated to rise 24.60% from the last financial year’s standing.

17 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $138.49 million for the same. And 17 analysts are in estimates of company making revenue of $169.13 million in the next quarter that will end on Dec 2023. Company posted $112.25 million and $133.64 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 23.40% while estimating it to be 26.60% for the next quarter.

In 2023, company’s earnings growth rate is likely to be around 38.60% while estimates for its earnings growth in next 5 years are of 19.40%.

DV Dividends

DoubleVerify Holdings Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

DoubleVerify Holdings Inc. (NYSE:DV)’s Major holders

On Key

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