DoubleVerify Holdings Inc’s recent filing unveils that its Chief Financial Officer Allais Nicola T unloaded Company’s shares for reported $30490.0 on Sep 27 ’24. In the deal valued at $17.28 per share,1,764 shares were sold. As a result of this transaction, Allais Nicola T now holds 81,598 shares worth roughly $1.37 million.
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Then, Allais Nicola T sold 1,764 shares, generating $29,889 in total proceeds. Upon selling the shares at $16.94, the Chief Financial Officer now owns 81,598 shares.
Before that, Allais Nicola T sold 1,764 shares. DoubleVerify Holdings Inc shares valued at $31,564 were divested by the Chief Financial Officer at a price of $17.89 per share. As a result of the transaction, Allais Nicola T now holds 77,314 shares, worth roughly $1.3 million.
Morgan Stanley downgraded its DoubleVerify Holdings Inc [DV] rating to an Equal-weight from a an Overweight in a research note published on June 25, 2024; the price target was decreased to $21 from $40. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “an Underperform”. KeyBanc Capital Markets also remained covering DV and has decreased its forecast on May 08, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. Macquarie revised its rating on March 11, 2024. It rated DV as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of DV
On Tuesday, DoubleVerify Holdings Inc [NYSE:DV] saw its stock fall -0.53% to $16.75. Over the last five days, the stock has lost -4.72%. DoubleVerify Holdings Inc shares have fallen nearly -54.46% since the year began. Nevertheless, the stocks have fallen -40.07% over the past one year. While a 52-week high of $43.00 was reached on 02/26/24, a 52-week low of $16.75 was recorded on 10/01/24. SMA at 50 days reached $18.75, while 200 days put it at $27.15.
Levels Of Support And Resistance For DV Stock
The 24-hour chart illustrates a support level at 16.52, which if violated will result in even more drops to 16.28. On the upside, there is a resistance level at 16.99. A further resistance level may holdings at 17.23. The Relative Strength Index (RSI) on the 14-day chart is 33.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.24%. Stochastics %K at 15.47% indicates the stock is a buying.
How much short interest is there in DoubleVerify Holdings Inc?
A steep rise in short interest was recorded in DoubleVerify Holdings Inc stocks on 2024-09-13, growing by 1.88 million shares to a total of 7.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.75 million shares. There was a rise of 24.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 11, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $47 price target.
