Deadline Alert: DoubleVerify Holdings, Inc. (DV) Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Core Viewpoint - The article discusses a class action lawsuit against DoubleVerify Holdings, Inc. due to significant stock price declines following disappointing financial results and allegations regarding the effectiveness of its services [1][5]. Financial Performance - On May 7, 2024, DoubleVerify reported its Q1 2024 financial results, reducing its 2024 revenue guidance due to a pullback in customer advertising spending, resulting in a stock price drop of $11.79, or 38.6%, closing at $18.78 per share on May 8, 2024 [2]. - On February 27, 2025, the company announced lower-than-expected Q4 2024 sales and earnings, with a stock price decline of $7.83, or 36%, closing at $13.90 per share on February 28, 2025 [3]. Allegations and Lawsuit Details - The lawsuit alleges that DoubleVerify made materially false and misleading statements and failed to disclose adverse facts about its business, including: - Customers shifting ad spending to closed platforms where DoubleVerify's capabilities are limited [5]. - High costs and time required for developing technology for closed platforms [5]. - Competitors being better positioned to incorporate AI, impacting DoubleVerify's competitiveness [5]. - Systematic overbilling of customers for ad impressions served to bots [5]. - Misleading risk disclosures that characterized adverse facts as mere possibilities [5]. Class Action Participation - Investors who purchased DoubleVerify securities during the specified class period may file a lead plaintiff motion by July 21, 2025 [6].