DV INVESTOR ALERT: DoubleVerify Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead the DoubleVerify Class Action Lawsuit

Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. for alleged violations of the Securities Exchange Act of 1934, with a focus on misleading statements and the impact on the company's stock price during the class period from November 10, 2023, to February 27, 2025 [1][3]. Company Allegations - The lawsuit alleges that DoubleVerify misled investors by failing to disclose that customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's capabilities were limited [3]. - It is claimed that the development of technology for closed platforms was more expensive and time-consuming than disclosed, affecting the monetization of DoubleVerify's Activation Services [3]. - The lawsuit states that competitors were better positioned to incorporate AI into their offerings, impairing DoubleVerify's competitive edge and profits [3]. - Allegations include systematic overbilling of customers for ad impressions served to declared bots, and misleading risk disclosures that characterized adverse facts as mere possibilities [3]. Stock Price Impact - Following the announcement of lower revenue growth expectations on February 28, 2024, DoubleVerify's stock price fell over 21% [4]. - On May 7, 2024, after cutting its full-year 2024 revenue outlook, the stock price dropped nearly 39% [5]. - A further decline of more than 36% occurred on February 27, 2025, when DoubleVerify reported lower-than-expected fourth quarter 2024 sales and earnings, attributing it to reduced customer spending and the shift of ad dollars [6]. Legal Process - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to act on behalf of other class members [7]. About the Law Firm - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [8].