Let’s look at the key reasons that are pushing DoubleVerify Holdings Inc (DV) to new highs

DoubleVerify Holdings Inc (NYSE: DV) on Tuesday, soared 2.90% from the previous trading day, before settling in for the closing price of $29.63. Within the past 52 weeks, DV’s price has moved between $26.23 and $43.00.

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During the last 5-year period, the sales growth of Technology Sector giant was 41.52%. The company achieved an average annual earnings per share of -0.22%. With a float of $138.88 million, this company’s outstanding shares have now reached $171.15 million.

Let’s determine the extent of company efficiency that accounts for 1101 employees.

DoubleVerify Holdings Inc (DV) Breakdown of a Key Holders of the stock

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of DoubleVerify Holdings Inc is 18.91%, while institutional ownership is 86.62%. The most recent insider transaction that took place on Apr 16 ’24, was worth 27,765. In this transaction Global Chief Comm. Officer of this company sold 900 shares at a rate of $30.85, taking the stock ownership to the 139,802 shares. Before that another transaction happened on Apr 12 ’24, when Company’s Chief Financial Officer sold 5,292 for $32.53, making the entire transaction worth $172,140. This insider now owns 73,030 shares in total.

DoubleVerify Holdings Inc (DV) Recent Fiscal highlights

As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported 0.07 earnings per share (EPS) for the period topping the consensus outlook (set at 0.04) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -0.22% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 19.40% during the next five years compared to 82.60% growth over the previous five years of trading.

DoubleVerify Holdings Inc (NYSE: DV) Trading Performance Indicators

DoubleVerify Holdings Inc (DV) is currently performing well based on its current performance indicators. A quick ratio of 6.36 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.12. Likewise, its price to free cash flow for the trailing twelve months is 50.83.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.41, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 0.95 in one year’s time.

Technical Analysis of DoubleVerify Holdings Inc (DV)

Looking closely at DoubleVerify Holdings Inc (NYSE: DV), its last 5-days average volume was 1.68 million, which is a drop from its year-to-date volume of 1.81 million. As of the previous 9 days, the stock’s Stochastic %D was 13.20%. Additionally, its Average True Range was 1.06.

During the past 100 days, DoubleVerify Holdings Inc’s (DV) raw stochastic average was set at 9.25%, which indicates a significant decrease from 24.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.50% in the past 14 days, which was lower than the 50.00% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $34.46, while its 200-day Moving Average is $33.87. However, in the short run, DoubleVerify Holdings Inc’s stock first resistance to watch stands at $30.92. Second resistance stands at $31.35. The third major resistance level sits at $32.03. If the price goes on to break the first support level at $29.81, it is likely to go to the next support level at $29.13. Now, if the price goes above the second support level, the third support stands at $28.70.

DoubleVerify Holdings Inc (NYSE: DV) Key Stats

Market capitalization of the company is 5.22 billion based on 171,714K outstanding shares. Right now, sales total 572,540 K and income totals 71,470 K. The company made 172,230 K in profit during its latest quarter, and 33,110 K in sales during its previous quarter.