Investors of DoubleVerify Holdings, Inc. (DV) are invited by the Law Offices of Frank R. Cruz to inquire about a potential securities fraud class action lawsuit.

Investors of DoubleVerify Holdings, Inc. (DV) are invited by the Law Offices of Frank R. Cruz to inquire about a potential securities fraud class action lawsuit.

Hear This: The Law Offices of Frank R. Cruz Sounding the Alarm

Los Angeles – It's time to pay attention, DoubleVerify Holdings, Inc. (DV) investors! The Law Offices of Frank R. Cruz have filed a class-action lawsuit on your behalf, and it's all about the moves made by the company between November 10, 2023, and February 27, 2025. If you've got a stake in DV, you need to know what's going down – click HERE to get the scoop!

Feeling confused? Don't worry – we've got your back. Just give us a shout at [email protected], pick up the phone at 310-914-5007, or swing by www.frankcruzlaw.com for a thorough lowdown on your rights and involvement in this intriguing legal situation.

Now, let's get to the heart of the matter:

What Went Down?

DoubleVerify dropped a bomb on May 7, 2024, with its first-quarter 2024 financial results -- they slashed their 2024 revenue guidance, citing a pullback in customer spending on advertising. Guess what happened next? Their stock value plummeted! It took a nose dive of $11.79, or 38.6%, to land at a pitiful $18.78 per share on May 8, 2024[6].

It gets worse. Fast-forward to February 27, 2025, and DoubleVerify reported sales and earnings lower than expectations for the fourth quarter of 2024, with reduced customer spending being a major factor[7]. They also confessed that the shift of ad dollars from open markets to closed platforms was slamming their business[7]. On this bombshell revelation, the stock value crumbled again, falling $7.83, or 36%, to end the day at $13.90 per share[7].

But wait, there's more! On March 28, 2025, things went from bad to worse as Adalytics Research, LLC published a report, accusing DoubleVerify of offering ineffective web advertisement verification and fraud protection services, as well as regularly overbilling customers for ad impressions served to bots[8]. To pour salt in the wound, The Wall Street Journal revealed the same day that DoubleVerify regularly missed detecting nonhuman traffic, despite their claims of keeping brands safe from nonhuman bot accounts[9].

What's the Big Deal?

The class action lawsuit alleges that throughout the Class Period, the company and its officers made misleading and false statements about the business, operations, and prospects of DoubleVerify[10]. Specifically, the suit claims that the defendants failed to inform investors of critical facts, such as DoubleVerify's:

• Time-consuming and expensive journey in monetizing Activation Services on closed platforms
• Weak competitive position when in incorporating AI technology compared to rivals
• Inability to effectively compete against native tools offered by major platforms like Meta Platforms and Amazon on closed platforms
• Overbilling of customers for ad impressions generated by bot farms
• Deceptive risk disclosures

In simpler terms, the company is accused of presenting rosy scenarios that were nothing but a crock[10].

So, What's Next?

If you've got DV stock, you've got a choice to make. What will you do about it? You've got until July 21, 2025, to file a lead plaintiff motion in the class action lawsuit[11]. Take charge and learn more about your options by reaching out to us at the Law Offices of Frank R. Cruz. Give us a call, shoot us an email, or drop by our website – we're here to help you understand your rights and options in this compelling case.

Get in Touch:If DoubleVerify Holdings, Inc. (DV) common stock is part of your investment portfolio, you've come to the right place. Fill out this CLICK HERE form to start your recovery process, or reach out to us at:

Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Telephone: 310-914-5007Email: [email protected]Visit our website at: www.frankcruzlaw.com

Disclaimer: This press release may be considered Attorney Advertising in certain jurisdictions under applicable law and ethical rules.

Contacts:Law Offices of Frank R. Cruz2121 Avenue of the Stars, Suite 800Telephone: 310-914-5007Email: [email protected]Visit our website at: www.frankcruzlaw.com

Sources: [1][2][3][4][5][6][7][8][9][10][11]

• The class-action lawsuit filed by The Law Offices of Frank R. Cruz alleges that DoubleVerify, a data center company, made misleading statements about its business, operations, and prospects, specifically about their performance in the advertising sector, overbilling customers for ad impressions, and ineffective web advertisement verification services.
• If investors in DoubleVerify have shares in their portfolio, they need to be aware of the questions raised about the company's financial performance and the alleged misleading information, as they have until July 21, 2025, to file a lead plaintiff motion in the class action lawsuit.
• As DoubleVerify's reported sales and earnings have been lower than expectations, and their stock value has significantly decreased, the company's financial performance has been clouded with controversy and uncertainty, making it a challenging investment in the financial market.

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