why DoubleVerify Holdings Inc [DV] is a Good Choice for Investors After New Price Target of $22.50

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DoubleVerify Holdings Inc [NYSE: DV] closed the trading session at $19.72.

The stocks have a year to date performance of -46.38 percent and weekly performance of 15.66 percent. The stock has been moved at 4.73 percent over the last six months. The stock has performed 19.23 percent around the most recent 30 days and changed 4.95 percent over the most recent 3-months.

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If compared to the average trading volume of 2.21M shares, DV reached to a volume of 5258976 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about DoubleVerify Holdings Inc [DV]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DV shares is $22.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DV stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for DoubleVerify Holdings Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 29, 2024. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $40 to $21. The new note on the price target was released on June 25, 2024, representing the official price target for DoubleVerify Holdings Inc stock. Previously, the target price had yet another drop from $45 to $18, while BofA Securities kept a Underperform rating on DV stock.

The Average True Range (ATR) for DoubleVerify Holdings Inc is set at 0.69, with the Price to Sales ratio for DV stock in the period of the last 12 months amounting to 5.25. The Price to Book ratio for the last quarter was 2.98, with the Price to Cash per share for the same quarter was set at 2.13. Price to Free Cash Flow for DV in the course of the last twelve months was 22.38 with Quick ratio for the last quarter at 6.57.

DV stock trade performance evaluation

DoubleVerify Holdings Inc [DV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.66. With this latest performance, DV shares gained by 19.23% in over the last four-week period, additionally plugging by 4.73% over the last 6 months – not to mention a drop of -33.15% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DV stock in for the last two-week period is set at 72.53, with the RSI for the last a single of trading hit 80.71, and the three-weeks RSI is set at 66.03 for DoubleVerify Holdings Inc [DV]. The present Moving Average for the last 50 days of trading for this stock 17.54, while it was recorded at 18.47 for the last single week of trading, and 24.51 for the last 200 days.

DoubleVerify Holdings Inc [DV]: An insightful look at the core fundamentals

DoubleVerify Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.57 and a Current Ratio set at 6.57.

Earnings per share (EPS) analysis for DoubleVerify Holdings Inc [DV] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for DoubleVerify Holdings Inc go to 16.00%.

DoubleVerify Holdings Inc [DV]: Institutional Ownership

There are presently around $102.02%, or 102.62%% of DV stock, in the hands of institutional investors. The top three institutional holders of DV stocks are: PROVIDENCE EQUITY PARTNERS L.L.C. with ownership of 26.29 million shares, which is approximately 15.3185%. BLACKROCK INC., holding 22.36 million shares of the stock with an approximate value of $$435.43 million in DV stocks shares; and BLACKROCK INC., currently with $$327.47 million in DV stock with ownership which is approximately 9.7998%.