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The Potential Rise in the Price of DoubleVerify Holdings Inc (DV) following insiders activity

DoubleVerify Holdings Inc’s filing revealed that its Chief Financial Officer Allais Nicola T unloaded Company’s shares for reported $30430.0 on Oct 22 ’24. In the deal valued at $17.25 per share,1,764 shares were sold. As a result of this transaction, Allais Nicola T now holds 81,598 shares worth roughly $1.5 million.

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Then, Allais Nicola T sold 1,764 shares, generating $28,951 in total proceeds. Upon selling the shares at $16.41, the Chief Financial Officer now owns 81,598 shares.

Before that, Allais Nicola T sold 1,764 shares. DoubleVerify Holdings Inc shares valued at $30,365 were divested by the Chief Financial Officer at a price of $17.21 per share. As a result of the transaction, Allais Nicola T now holds 81,598 shares, worth roughly $1.5 million.

Wells Fargo initiated its DoubleVerify Holdings Inc [DV] rating to an Underweight in a research note published on October 29, 2024; the price target was $14. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late June from “an Overweight” to “an Equal-weight”. BofA Securities also remained covering DV and has decreased its forecast on May 09, 2024 with a “an Underperform” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on May 08, 2024. It rated DV as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of DV

On Tuesday, DoubleVerify Holdings Inc [NYSE:DV] saw its stock jump 4.85% to $18.37. Over the last five days, the stock has gained 6.18%. DoubleVerify Holdings Inc shares have fallen nearly -50.05% since the year began. Nevertheless, the stocks have fallen -37.45% over the past one year. While a 52-week high of $43.00 was reached on 02/26/24, a 52-week low of $16.11 was recorded on 10/23/24. SMA at 50 days reached $17.53, while 200 days put it at $24.71.

Levels Of Support And Resistance For DV Stock

The 24-hour chart illustrates a support level at 17.76, which if violated will result in even more drops to 17.14. On the upside, there is a resistance level at 18.70. A further resistance level may holdings at 19.02. The Relative Strength Index (RSI) on the 14-day chart is 63.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.74%. Stochastics %K at 78.23% indicates the stock is a holding.

How much short interest is there in DoubleVerify Holdings Inc?

A steep rise in short interest was recorded in DoubleVerify Holdings Inc stocks on 2024-10-15, growing by 2.87 million shares to a total of 10.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.62 million shares. There was a rise of 27.38%, which implies that there is a positive sentiment for the stock.

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