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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages DoubleVerify Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – DV
GlobeNewswire News Room· 2025-06-01 18:29
Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for misleading statements and failure to disclose critical information regarding its business operations and competitive position during the Class Period from November 10, 2023, to February 27, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims 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 [5]. - It is alleged that DoubleVerify's high-margin Activation Services faced significant development costs and time delays, impacting monetization efforts [5]. - The lawsuit states that DoubleVerify's competitors were better positioned to integrate AI into their offerings, adversely affecting DoubleVerify's profitability [5]. Group 2: Investor Information - Investors who purchased DoubleVerify common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To participate in the class action, investors can submit their information through the provided link or contact the law firm directly [3][6]. - A lead plaintiff must be appointed by July 21, 2025, to represent the interests of other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [4]. - The firm has consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing shareholder interests [4].
DV INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that DoubleVerify Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
GlobeNewswire News Room· 2025-06-01 18:25
Core Viewpoint - The DoubleVerify Holdings, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims of misleading statements and failure to disclose critical business challenges during the class period from November 10, 2023, to February 27, 2025 [1][3]. Group 1: Allegations of the Lawsuit - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's capabilities were limited [3]. - It is alleged that the monetization of DoubleVerify's Activation Services was hindered by the high costs and time required to develop technology for closed platforms [3]. - The lawsuit states that competitors were better positioned to integrate AI into their offerings, negatively impacting DoubleVerify's competitive edge and profitability [3]. - DoubleVerify is accused of systematically overbilling customers for ad impressions served to bots [3]. - The risk disclosures provided by DoubleVerify were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [3]. Group 2: Impact on Stock Price - 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]. - On February 27, 2025, the company reported lower-than-expected sales and earnings, leading to a further decline of more than 36% in stock price [6]. Group 3: Legal Process and Representation - Investors who purchased DoubleVerify common stock during the class period can seek appointment as lead plaintiff in the class action lawsuit [7]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [7]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [8][9].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in DoubleVerify Holdings, Inc. of Class Action Lawsuit and Upcoming Deadlines - DV
Prnewswire· 2025-06-01 14:00
Core Viewpoint - A class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged securities fraud and unlawful business practices [2][3]. Company Performance - On February 28, 2024, DoubleVerify lowered its revenue growth expectations for Q1 2024, leading to a stock price drop of $8.35, or 21.3%, closing at $30.89 on February 29, 2024 [3]. - On May 7, 2024, the company cut its full-year 2024 revenue outlook due to reduced ad spending from customers, resulting in a stock price decline of $11.79, or 38.6%, closing at $18.78 on May 8, 2024 [4]. - On February 27, 2025, DoubleVerify reported lower-than-expected Q4 2024 sales and earnings, attributed to reduced customer spending and a shift in ad dollars, causing a stock price drop of approximately 36% to close at $13.90 on February 28, 2025 [5]. Industry Concerns - On March 28, 2025, Adalytics Research, LLC released a report claiming that DoubleVerify's advertisement verification services are ineffective, stating that customers are billed for ad impressions served to bots [6]. - The Wall Street Journal reported that DoubleVerify frequently fails to detect nonhuman traffic, contradicting the company's claims of helping brands avoid serving ads to bot accounts [6].
ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DoubleVerify
Prnewswire· 2025-06-01 12:27
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against DoubleVerify Holdings, Inc. due to allegations of misleading statements and failure to disclose critical information affecting investors [2][4]. Group 1: Allegations Against DoubleVerify - The complaint alleges that DoubleVerify's customers are shifting ad spending from open exchanges to closed platforms, where the company's technological capabilities are limited [4]. - It is claimed that DoubleVerify's ability to monetize its high-margin Activation Services is constrained due to the high costs and time required for technology development for closed platforms [4]. - The complaint states that DoubleVerify's competitors are better positioned to incorporate AI into their offerings, negatively impacting DoubleVerify's competitive edge and profitability [4]. - Allegations include that DoubleVerify systematically overbilled customers for ad impressions served to declared bots, and that risk disclosures were materially false and misleading [4]. Group 2: Impact of Disclosures - The truth about the alleged fraud was revealed through disclosures in February and March 2025, leading to a significant stock price drop of 36% following disappointing earnings [5]. - A report from Adalytics Research in March 2025 claimed that DoubleVerify's services were ineffective, further damaging investor confidence [5]. Group 3: Legal Proceedings - Investors who suffered losses in DoubleVerify are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in a federal securities class action [1][2]. - The deadline for seeking the role of lead plaintiff in the class action is set for July 21, 2025 [2].
3 Reasons This Artificial Intelligence Stock Could Have the Biggest Comeback in 2025
The Motley Fool· 2025-05-31 12:15
Core Viewpoint - The Trade Desk's stock has declined 47% from its 52-week high, but the company's long-term outlook remains strong, particularly with its integration of AI technology in the advertising market [1][2]. Group 1: Company Performance - In Q1 2025, The Trade Desk reported revenue of $616 million, a 25% year-over-year increase, surpassing Wall Street's estimate of $574 million [8]. - The adjusted earnings per share (EPS) for the same quarter was $0.33, which is 27% higher than the previous year, also exceeding expectations [8]. - For 2025, analysts project a 17% revenue increase and a 6% rise in EPS, with even stronger growth anticipated in 2026 [10][12]. Group 2: Market Position and Strategy - The Trade Desk is leveraging its AI-driven Kokai ecosystem to process over 13 million impressions per second, allowing for optimized ad spending based on real-time consumer behavior [5]. - The company is expanding into new verticals, including retail media, while maintaining a strong position in the high-growth connected TV (CTV) market [6]. - The integration of AI technology is expected to enhance advertising performance metrics, positioning The Trade Desk as a leader in innovative advertising solutions [9]. Group 3: Valuation and Investment Opportunity - The stock's valuation has adjusted to a forward price-to-earnings (P/E) ratio of 42 times its consensus 2025 EPS, significantly lower than the nearly 200 average in 2024 [13]. - The valuation is projected to improve further into 2026, with a one-year forward P/E ratio expected to drop to 35 [13]. - The company's solid balance sheet, with $1.7 billion in cash and no financial debt, supports its growth potential and positions it favorably for investors [11].
Nexxen Announces Transition to Reduced $50 Million Revolving Credit Facility
Globenewswire· 2025-05-30 11:30
Core Viewpoint - Nexxen International Ltd. has successfully amended its revolving credit facility, reducing the committed facility size and extending the maturity date, which enhances its liquidity for business operations and strategic investments [1][2]. Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, offering a flexible technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3]. - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is publicly traded on Nasdaq under the ticker NEXN [4]. Financial Update - The committed facility size of Nexxen's revolving credit facility has been reduced from $90 million to $50 million, with the maturity extended to September 2027 [2]. - The company's strong cash position, combined with the updated credit facility, provides sufficient liquidity to support ongoing business needs and future strategic initiatives [2].
Shareholders of DoubleVerify Holdings, Inc. Should Contact Levi & Korsinsky Before July 21, 2025 to Discuss Your Rights - DV
Prnewswire· 2025-05-30 09:45
Core Viewpoint - A class action securities lawsuit has been filed against DoubleVerify Holdings, Inc. alleging securities fraud that negatively impacted investors between November 10, 2023, and February 27, 2025 [1] Group 1: Allegations of the Lawsuit - The lawsuit claims that DoubleVerify's customers shifted ad spending from open exchanges to closed platforms, where the company's technological capabilities were limited [2] - It is alleged that the monetization of DoubleVerify's Activation Services was constrained due to the high costs and time required for technology development for closed platforms [2] - The complaint states that it would take several years for DoubleVerify's Activation Services related to certain closed platforms to become profitable [2] - Competitors of DoubleVerify were reportedly better positioned to integrate AI into their offerings on closed platforms, which negatively affected DoubleVerify's competitive stance and profitability [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 were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2] - 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 [2] Group 2: Next Steps for Investors - Investors who suffered losses in DoubleVerify Holdings, Inc. during the specified timeframe have until July 21, 2025, to request appointment 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 been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4]
Shareholders who lost money on DoubleVerify Holdings, Inc. (NYSE: DV) Should Contact Wolf Haldenstein
GlobeNewswire News Room· 2025-05-30 01:58
Core Viewpoint - A securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. for alleged misrepresentations that led to significant stock price drops during the class period from November 10, 2023, to February 27, 2025 [1]. Allegations Summary - Ad Spend Shift: Customers shifted advertising spending from open exchanges to closed platforms, where DoubleVerify's technology was less effective and faced increased competition [7]. - Technology Development Costs: The costs and time required for developing technology for closed platforms were higher than disclosed by the company [7]. - Monetization Timeline: The timeline for monetizing Activation Services on closed platforms was projected to take several years [7]. - AI Competitiveness: Competitors were better positioned to integrate AI, which negatively impacted DoubleVerify's competitive edge and profitability [7]. - Overbilling: The company allegedly overbilled customers for ad impressions served to declared bots operating from data center server farms [7]. - Misleading Risk Disclosures: The company misrepresented existing problems as hypothetical risks in its disclosures [7]. - Misleading Positive Statements: False or misleading statements were made regarding the company's operations and future prospects [7]. Stock Performance - February 28, 2024: The stock fell over 21% after announcing lower Q1 2024 revenue growth expectations [7]. - May 7, 2024: The stock plunged nearly 39% after cutting the full-year 2024 revenue outlook [7]. - February 27, 2025: The stock dropped 36% following disappointing Q4 2024 results [7].
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DoubleVerify Holdings, Inc. (DV)
GlobeNewswire News Room· 2025-05-29 19:14
Core Viewpoint - A securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. for allegedly making false and misleading statements regarding its business operations and financial performance during the class period from November 10, 2023, to February 27, 2025 [1] Group 1: Allegations Against the Company - The lawsuit claims that the company's customers were shifting ad spending from open exchanges to closed platforms, where DoubleVerify's technological capabilities were limited [2] - It is alleged that the company's ability to monetize its high-margin Activation Services was constrained due to the high costs and time required for technology development for closed platforms [2] - The complaint states that monetization of Activation Services on certain closed platforms would take several years, contrary to what was disclosed to investors [2] - Competitors were reportedly better positioned to integrate AI into their offerings on closed platforms, negatively impacting DoubleVerify's competitive stance and profitability [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 the company were claimed to be materially false and misleading, presenting adverse facts as mere possibilities [2] - As a result of these issues, the positive statements made by the company regarding its business and prospects were deemed materially false or misleading [2] Group 2: Investor Information - Investors who acquired shares of DoubleVerify are encouraged to contact the law firm before the lead plaintiff motion deadline of July 15, 2025 [3]
深演智能业绩滑坡转战港股,上市对赌失败耗资4000万回购
Sou Hu Cai Jing· 2025-05-29 13:03
Core Viewpoint - DeepMind Technology Co., Ltd. (referred to as "DeepMind") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, despite experiencing a significant decline in performance amid the booming AI sector in 2024 [2][7]. Company Overview - Established in 2009, DeepMind is a decision-making AI technology company focusing on marketing and sales applications, with flagship platforms AlphaDesk and AlphaData [3]. - DeepMind serves a total of 68 clients across various industries, including e-commerce, fast-moving consumer goods, automotive, retail, beauty, and travel [3]. Financial Performance - DeepMind's revenue for the years 2022, 2023, and 2024 was 543 million, 611 million, and 538 million CNY, respectively, with net profits of 59.36 million, 60.66 million, and 21.52 million CNY [4]. - The company's gross profit margins were 30.9%, 31.2%, and 27.3% during the same period [4]. - The majority of revenue (over 80%) comes from the intelligent advertising business, with revenue contributions of 446 million, 492 million, and 460 million CNY for the respective years [4]. Client Dependency and Market Position - DeepMind's client concentration is high, with the top five clients contributing 51.1%, 50.2%, and 54.6% of total revenue in the respective years [8]. - The largest client shifted from Alibaba to WPP Group, with revenue from Alibaba dropping significantly, impacting overall profitability [8][9]. IPO and Fund Utilization - The IPO aims to raise funds for product development, expanding the sales network and customer base, strategic acquisitions, and general corporate purposes [10]. - DeepMind previously attempted to list on the A-share market but withdrew its application in June 2024, opting for a Hong Kong listing instead [5].