We recently published a list of 10 Stocks Lead Monday’s Charge Amid Market Bloodbath. In this article, we are going to take a look at where DoubleVerify Holdings, Inc. (NYSE:DV) stands against other stocks that lead Monday’s charge amid market bloodbath.
The stock market kicked off the trading week in a bloodbath, erasing last week’s gains, with all major indices posting heavy losses following President Donald Trump’s confirmation that tariffs on goods from Mexico and Canada are set to take effect on Tuesday.
The tech-heavy Nasdaq posted the biggest loss, down 2.64 percent, followed by S&P at 1.76 percent, and Dow Jones at 1.48 percent.
According to Trump, there was no room left for Mexico and Canada, and his 25-percent tariff for the two countries “will start.” He also signed an additional 10-percent tariff on goods from China.
Despite the market decline, ten companies bucked an overall pessimistic sentiment, making it to the top gainers list mainly due to bullish ratings and earnings performance, among others. In this article, we have detailed the reasons behind their gains.
To come up with Monday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A digital publisher using the company’s predictive analytics to create relevant content on a webpage.
DoubleVerify Holdings, Inc. (NYSE:DV)
DoubleVerify Holdings, Inc. (NYSE:DV) jumped by 7.19 percent on Monday to close at $14.90 apiece as investors resorted to bargain-hunting after a 36-percent plunge on Friday and entering the oversold territory, which was further aggravated by its poor earnings performance last year.
In its latest earnings release, DoubleVerify Holdings, Inc. (NYSE:DV)’s net income last year fell by 21.2 percent to $56.2 million from $71.4 million in 2023, while revenues increased by 14.86 percent to $656.8 million from $572.5 million.
Net income for the fourth quarter alone dropped by 29 percent to $23 million from $33 million.
Looking ahead, DV expects revenues for the first quarter of the year to settle between $151 million and $155 million, while revenues for the full year were expected to increase by 10 percent.
Overall, DV ranks 3rd on our list of stocks that lead Monday’s charge amid market bloodbath. While we acknowledge the potential of DV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DV but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
