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Potential Price Increase for DoubleVerify Holdings Inc (DV) After Recent Insider Activity

In a filing, DoubleVerify Holdings Inc revealed its Chief Financial Officer Allais Nicola T unloaded Company’s shares for reported $34257.0 on May 14 ’24. In the deal valued at $19.42 per share,1,764 shares were sold. As a result of this transaction, Allais Nicola T now holds 73,030 shares worth roughly $1.43 million.

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Then, Allais Nicola T sold 1,764 shares, generating $33,566 in total proceeds. Upon selling the shares at $19.03, the Chief Financial Officer now owns 73,030 shares.

Before that, Eddleman Julie sold 900 shares. DoubleVerify Holdings Inc shares valued at $27,900 were divested by the Global Chief Comm. Officer at a price of $31.00 per share. As a result of the transaction, Eddleman Julie now holds 145,944 shares, worth roughly $2.85 million.

BofA Securities downgraded its DoubleVerify Holdings Inc [DV] rating to an Underperform from a a Buy in a research note published on May 09, 2024; the price target was decreased to $18 from $45. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “a Sector weight”. Macquarie also remained covering DV and has increased its forecast on March 11, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. BofA Securities started covering the stock on January 11, 2024. It rated DV as “a Buy”.

Price Performance Review of DV

On Friday, DoubleVerify Holdings Inc [NYSE:DV] saw its stock jump 3.50% to $19.54. Over the last five days, the stock has gained 3.44%. DoubleVerify Holdings Inc shares have fallen nearly -46.87% since the year began. Nevertheless, the stocks have fallen -31.77% over the past one year. While a 52-week high of $43.00 was reached on 02/26/24, a 52-week low of $17.74 was recorded on 05/08/24. SMA at 50 days reached $29.93, while 200 days put it at $32.55. A total of 3.74 million shares were traded, compared to the trading of 4.74 million shares in the previous session.

Levels Of Support And Resistance For DV Stock

The 24-hour chart illustrates a support level at 19.12, which if violated will result in even more drops to 18.70. On the upside, there is a resistance level at 19.85. A further resistance level may holdings at 20.16. The Relative Strength Index (RSI) on the 14-day chart is 24.43, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.54%. Stochastics %K at 11.34% indicates the stock is a buying.

The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $44 price target.

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