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An Analysis of DoubleVerify Holdings Inc (DV)’s Potential Price Growth

DoubleVerify Holdings Inc’s recent filing unveils that its Director Desmond Laura unloaded Company’s shares for reported $0.75 million on Nov 21 ’24. In the deal valued at $19.98 per share,37,500 shares were sold. As a result of this transaction, Desmond Laura now holds 132,197 shares worth roughly $2.69 million.

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Then, Allais Nicola T sold 2,274 shares, generating $45,513 in total proceeds. Upon selling the shares at $20.01, the Chief Financial Officer now owns 81,598 shares.

Before that, Allais Nicola T sold 2,220 shares. DoubleVerify Holdings Inc shares valued at $44,594 were divested by the Chief Financial Officer at a price of $20.09 per share. As a result of the transaction, Allais Nicola T now holds 81,598 shares, worth roughly $1.66 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 Friday, DoubleVerify Holdings Inc [NYSE:DV] saw its stock fall -0.10% to $20.33. Over the last five days, the stock has gained 1.65%. DoubleVerify Holdings Inc shares have fallen nearly -44.73% since the year began. Nevertheless, the stocks have fallen -38.17% 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 $18.07, while 200 days put it at $22.91.

Levels Of Support And Resistance For DV Stock

The 24-hour chart illustrates a support level at 20.10, which if violated will result in even more drops to 19.88. On the upside, there is a resistance level at 20.53. A further resistance level may holdings at 20.73. The Relative Strength Index (RSI) on the 14-day chart is 64.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.51%. Stochastics %K at 78.18% 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 2024-11-15, dropping by -2.87 million shares to a total of 7.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.5 million shares. There was a decline of -37.65%, which implies that there is a negative sentiment for the stock.

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