Shareholders who lost money on DoubleVerify Holdings, Inc. (NYSE: DV) Should Contact Wolf Haldenstein

/EIN News/ -- NEW YORK, May 29, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed against DoubleVerify Holdings, Inc. .(“DoubleVerify” or the “Company”) (NYSE: DV) The lawsuit is on behalf of individuals or entities that purchased or acquired DoubleVerify securities between November 10, 2023, and February 27, 2025 (the “Class Period”).

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Key Allegations in the Complaint:

1. Ad Spend Shift: Customers were moving ad spending from open exchanges to closed platforms (e.g., Meta, Amazon), where DoubleVerify’s technology was less effective and faced direct competition.
2. Technology Development Costs: The development of technology for these closed platforms was more expensive and time-consuming than the company disclosed.
3. Monetization Timeline: It would take several years to monetize Activation Services on closed platforms.
4. AI Competitiveness: Competitors were better positioned to integrate AI, which hindered DoubleVerify’s competitive edge and impacted profits.
5. Overbilling: The company allegedly overbilled customers for ad impressions served to declared bots operating from data center server farms.
6. Misleading Risk Disclosures: Risk disclosures misrepresented existing problems as hypothetical risks.
7. Misleading Positive Statements: Defendants issued false or misleading statements about the company's operations and prospects.
   

A series of significant stock drops occurred:

• February 28, 2024: Stock fell over 21% after announcing lower Q1 2024 revenue growth expectations
• May 7, 2024: Stock plunged nearly 39% after cutting full-year 2024 revenue outlook
• February 27, 2025: Stock dropped 36% following disappointing Q4 2024 results
  

Legal Action:

• Investors who acquired DoubleVerify shares during the Class Period are encouraged to contact the firm before the lead plaintiff motion deadline on July 15, 2025.
  

Why Wolf Haldenstein Adler Freeman & Herz LLP?:

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

Contact:

• Phone: (800) 575-0735 or (212) 545-4774
• Email: classmember@whafh.com
• Contact Person: Gregory Stone, Director of Case and Financial Analysis
  

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

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