DoubleVerify Holdings Inc’s recent filing unveils that its Chief Financial Officer Allais Nicola T unloaded Company’s shares for reported $0.18 million on Mar 19 ’24. In the deal valued at $33.55 per share,5,292 shares were sold. As a result of this transaction, Allais Nicola T now holds 73,030 shares worth roughly $2.44 million.
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Then, Eddleman Julie sold 900 shares, generating $30,222 in total proceeds. Upon selling the shares at $33.58, the Global Chief Comm. Officer now owns 141,602 shares.
Before that, Grimmig Andrew E sold 50,924 shares. DoubleVerify Holdings Inc shares valued at $1,706,514 were divested by the Chief Legal Officer at a price of $33.51 per share. As a result of the transaction, Grimmig Andrew E now holds 39,468 shares, worth roughly $1.32 million.
Macquarie upgraded its DoubleVerify Holdings Inc [DV] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. BMO Capital Markets began covering DV with “an Outperform” recommendation on January 09, 2024. Morgan Stanley started covering the stock on December 13, 2023. It rated DV as “an Overweight”.
Price Performance Review of DV
On Monday, DoubleVerify Holdings Inc [NYSE:DV] saw its stock fall -0.80% to $33.38. Over the last five days, the stock has lost -1.59%. DoubleVerify Holdings Inc shares have fallen nearly -9.24% since the year began. Nevertheless, the stocks have risen 15.58% over the past one year. While a 52-week high of $43.00 was reached on 02/26/24, a 52-week low of $26.23 was recorded on 03/06/24. SMA at 50 days reached $37.72, while 200 days put it at $34.41. A total of 1.4 million shares were traded, compared to the trading of 1.25 million shares in the previous session.
Levels Of Support And Resistance For DV Stock
The 24-hour chart illustrates a support level at 33.20, which if violated will result in even more drops to 33.02. On the upside, there is a resistance level at 33.74. A further resistance level may holdings at 34.10. The Relative Strength Index (RSI) on the 14-day chart is 41.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.09%. Stochastics %K at 88.24% indicates the stock is a selling.
How much short interest is there in DoubleVerify Holdings Inc?
A steep rise in short interest was recorded in DoubleVerify Holdings Inc stocks on Feb 29, 2024, dropping by -0.36 million shares to a total of 4.9 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.26 million shares. There was a decline of -7.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.17% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.57.
The most recent change occurred on September 27, 2023 when Macquarie began covering the stock and recommended ‘”a Neutral”‘ rating along with a $30 price target.
