DoubleVerify(DV)
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DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DoubleVerify
GlobeNewswire News Room· 2025-06-06 14:14
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against DoubleVerify Holdings, Inc. due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by July 21, 2025 [3][5]. Group 1: Allegations Against DoubleVerify - The complaint alleges that DoubleVerify misled investors by failing to disclose that customers were shifting ad spending to closed platforms, where the company's capabilities were limited [5]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, impacting the monetization of DoubleVerify's high-margin Activation Services [5]. - Competitors were reportedly better positioned to incorporate AI into their offerings, adversely affecting DoubleVerify's competitive stance and profitability [5]. - The company allegedly overbilled customers for ad impressions served to declared bots, and its risk disclosures were misleading, characterizing known adverse facts as mere possibilities [5]. Group 2: Impact of Disclosures - The truth about the alleged fraud was revealed through disclosures in February and March 2025, leading to a 36% drop in DoubleVerify's stock price following disappointing earnings and the suspension of services by a major customer [6]. - A report from Adalytics Research in March 2025 claimed that DoubleVerify's services were ineffective, further damaging investor confidence [6]. Group 3: Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members, and any member can move to serve as lead plaintiff or remain an absent class member [7]. - Faruqi & Faruqi encourages anyone with information regarding DoubleVerify's conduct to come forward, including whistleblowers and former employees [8].
Contact Levi & Korsinsky by July 21, 2025 Deadline to Join Class Action Against DoubleVerify Holdings, Inc.(DV)
Prnewswire· 2025-06-06 09:45
Core Viewpoint - A class action securities lawsuit has been filed against DoubleVerify Holdings, Inc. alleging securities fraud affecting investors between November 10, 2023, and February 27, 2025 [1] Group 1: Allegations of the Lawsuit - The lawsuit claims that DoubleVerify's customers are shifting ad spending from open exchanges to closed platforms, where the company's technological capabilities are limited [2] - It is alleged that the development of DoubleVerify's technology for closed platforms is significantly more expensive and time-consuming than disclosed to investors [2] - The complaint states that DoubleVerify's Activation Services related to certain closed platforms would take several years to monetize [2] - Competitors are reportedly better positioned to incorporate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive edge and profits [2] - The company is accused of systematically overbilling customers for ad impressions served to declared bots operating from known data center server farms [2] - The risk disclosures provided by DoubleVerify are claimed to be materially false and misleading, characterizing adverse facts as mere possibilities [2] - As a result of these issues, the lawsuit asserts that the defendants' positive statements about the company's business and prospects were materially false or misleading [2] Group 2: Next Steps for Investors - Investors who suffered losses in DoubleVerify Holdings, Inc. during the relevant time frame have until July 21, 2025, to request to be appointed as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages DoubleVerify Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DV
GlobeNewswire News Room· 2025-06-06 00:13
NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of DoubleVerify Holdings, Inc. (NYSE: DV) between November 10, 2023 and February 27, 2025, both dates inclusive (the “Class Period”), of the important July 21, 2025 lead plaintiff deadline. SO WHAT: If you purchased DoubleVerify common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency f ...
DoubleVerify Holdings, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before July 21, 2025 to Discuss Your Rights – DV
GlobeNewswire News Room· 2025-06-05 17:07
NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in DoubleVerify Holdings, Inc. ("DoubleVerify Holdings, Inc." or the "Company") (NYSE: DV) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DoubleVerify Holdings, Inc. investors who were adversely affected by alleged securities fraud between November 10, 2023 and February 27, 2025. Follow the link below to get more information and be contacted by a member of our team: ...
Investors who lost money on DoubleVerify Holdings, Inc.(DV) should contact The Gross Law Firm about pending Class Action - DV
Prnewswire· 2025-06-05 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from November 10, 2023, to February 27, 2025 [1] Allegations - Allegations include that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, limiting the company's technological capabilities and competition with platforms like Meta and Amazon [1] - The complaint states that DoubleVerify's ability to monetize its Activation Services was hindered due to the high costs and time required for technology development for closed platforms [1] - It is claimed that monetization of DoubleVerify's Activation Services on certain closed platforms would take several years [1] - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive edge and profits [1] - The company allegedly overbilled customers for ad impressions served to declared bots operating from known data center server farms [1] - Risk disclosures from DoubleVerify were characterized as materially false and misleading, presenting adverse facts as mere possibilities [1] - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were deemed materially false or misleading [1] Next Steps for Shareholders - Shareholders who purchased shares of DV during the specified timeframe are encouraged to register for the class action by July 21, 2025, to potentially become lead plaintiffs [2] - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case [2] About the Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit, fraud, and illegal business practices [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3]
DoubleVerify (DV) 2025 Conference Transcript
2025-06-04 20:10
Summary of DoubleVerify (DV) Conference Call Company Overview - **Company**: DoubleVerify (DV) - **Industry**: Digital Advertising and Measurement - **Core Value Proposition**: Ensures quality in digital ad transactions, focusing on viewability, brand suitability, and fraud prevention [4][3] Macro Environment - **Current Market Condition**: Advertisers are experiencing "stable instability," adapting to shocks like COVID and geopolitical events [5][6] - **Ad Spend Trends**: No overall degradation in ad spend observed; advertisers are cautious but agile, focusing on measurable and performance-driven tools [7][6] Business Segments 1. **Activation Segment**: - **Q1 Revenue Growth**: Accelerated to 20% [8] - **Key Drivers**: Authentic Brand Suitability (ABS) product grew 16%, driven by new clients like Kenview and Microsoft [12][13] 2. **Measurement Segment**: - **Growth Drivers**: Strong adoption in social channels, particularly with Meta products now fully available [15][16] - **CTV Growth**: Significant growth in Connected TV (CTV) measurement [17] 3. **Supply Side Segment**: - **Revenue Contribution**: Accounts for about 10% of total revenue [19] - **Growth Drivers**: Retail media networks grew 34% in Q1, driven by data utilization across various networks [21] Product Developments - **Meta Pre-Bid Product**: Positive uptake with significant feedback indicating a 9% increase in brand suitability when used [22][23] - **Acquisition of Moat Clients**: Successful integration and upselling to premium products faster than expected [25][26] - **CyBids Acquisition**: Grew over 40% in Q1; focuses on algorithmic bidding optimization to reduce media costs [33][34][36] - **RockerBox Acquisition**: Enhances media mix modeling and multi-touch attribution capabilities, providing a comprehensive solution for advertisers [38][41][66] Financial Performance and Guidance - **Q1 Performance**: Grew 17% year-over-year, exceeding guidance of 10% [28][29] - **Capital Allocation**: Nearly $200 million on the balance sheet; focus on M&A opportunities and maintaining strong top-line growth [62][63][64] Future Outlook - **Innovation Focus**: Continued investment in R&D, leveraging AI for efficiency and product integration [59][60] - **Market Expansion**: Opportunities for upselling existing customers and expanding outside the U.S. [46][47] - **AI Integration**: AI is enhancing internal efficiencies and addressing external challenges in fraud detection [53][58] Key Takeaways - **Independence and Scale**: DoubleVerify's independence in measuring ad quality across platforms is a significant competitive advantage [69][70] - **Strong Business Fundamentals**: The company maintains high profitability, strong cash flow, and a robust growth trajectory [72][72] Conclusion - **Overall Position**: DoubleVerify is well-positioned in the digital advertising ecosystem, with a strong value proposition and growth potential through innovation and strategic acquisitions [72][71]
The Gross Law Firm Notifies Shareholders of DoubleVerify Holdings, Inc.(DV) of a Class Action Lawsuit and an Upcoming Deadline
GlobeNewswire News Room· 2025-06-04 16:59
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of DoubleVerify Holdings, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during the class period from November 10, 2023, to February 27, 2025 [1][3]. Allegations - The complaint alleges that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited, impacting its competitive position against platforms like Meta and Amazon [3]. - It is claimed that the monetization of DoubleVerify's Activation Services was hindered by the high costs and time required to develop technology for closed platforms, which were not adequately disclosed to investors [3]. - The lawsuit states that it would take several years for DoubleVerify's Activation Services related to certain closed platforms to become profitable [3]. - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively affecting DoubleVerify's competitiveness and profitability [3]. - The company allegedly overbilled customers for ad impressions served to bots operating from known data centers [3]. - The risk disclosures provided by DoubleVerify were said to be materially false and misleading, as they downplayed already materialized adverse facts [3]. - As a result of these issues, the positive statements made by the defendants regarding the company's business and prospects were claimed to be materially false or misleading [3]. Next Steps for Shareholders - Shareholders who purchased shares of DoubleVerify during the specified class period are encouraged to register for the class action by July 21, 2025, to monitor the case's progress [4]. - Registration allows shareholders to receive updates through a portfolio monitoring software without any cost or obligation [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud, aiming to ensure responsible business practices [5].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DoubleVerify
Prnewswire· 2025-06-04 14:25
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In DoubleVerify To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in DoubleVerify between November 10, 2023 and February 27, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, June 4, 2025 ...
DV Stock Alert: DoubleVerify Holdings, Inc. Shareholders With Large Losses Should Contact Robbins LLP for Information on Leading the Class Action Lawsuit
GlobeNewswire News Room· 2025-06-03 21:07
Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for allegedly misleading investors about its business prospects and financial performance during the specified class period [1][2]. Allegations - The lawsuit claims that DoubleVerify did not disclose significant shifts in customer ad spending from open exchanges to closed platforms, where the company's capabilities were limited [2]. - It is alleged that the company’s technology development for closed platforms was more costly and time-consuming than communicated to investors [2]. - The complaint states that monetization of DoubleVerify's Activation Services on certain closed platforms would take several years, contrary to investor expectations [2]. - Competitors were reportedly better positioned to integrate AI into their offerings, negatively impacting DoubleVerify's competitive stance and profitability [2]. - The company is accused of systematically overbilling customers for ad impressions served to bots, which were known to operate from data center server farms [2]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2]. Impact of Disclosure - The truth about DoubleVerify's business challenges was revealed on February 27, 2025, when the company reported lower-than-expected sales and earnings, leading to a significant stock price drop of $7.83 per share, or 36%, from $21.73 to $13.90 [3]. Next Steps for Shareholders - Shareholders interested in participating in the class action as lead plaintiffs must file their papers by July 15, 2025 [4]. - Shareholders can choose to remain absent class members and still be eligible for recovery without taking any action [4]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].
DoubleVerify Holdings, Inc. (DV) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2025-06-03 16:00
Core Viewpoint - Investors in DoubleVerify Holdings, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of undisclosed operational challenges and misleading statements by the company [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from November 10, 2023, to February 27, 2025, DoubleVerify failed to disclose critical information regarding its business operations, including: 1. A shift in customer ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited and faced competition from native tools of platforms like Meta and Amazon [3]. 2. The high costs and time required for developing technology for closed platforms, which were not adequately communicated to investors [3]. 3. The lengthy timeline for monetizing Activation Services related to certain closed platforms [3]. 4. Competitors' advantages in incorporating AI into their offerings, negatively impacting DoubleVerify's competitive position and profitability [3]. 5. Systematic overbilling of customers for ad impressions served to bots from known data centers [3]. 6. Misleading risk disclosures that downplayed already materialized adverse facts [3]. 7. Overall, the positive statements made by the company regarding its business and prospects were misleading and lacked a reasonable basis [3]. Participation Information - Investors who suffered losses in DoubleVerify are encouraged to contact the Law Offices of Howard G. Smith before July 21, 2025, to participate in the ongoing lawsuit [2][4]. - Interested parties can reach out via email, phone, or the law firm's website for more information [4][6]. Class Action Membership - To be part of the class action, investors do not need to take immediate action and can choose to retain counsel or remain absent from the proceedings [5].