Investors Urged to Join Class Action Against DoubleVerify Holdings, Inc. Amid Recent Stock Declines

Pomerantz Law Firm Announces Class Action Against DoubleVerify Holdings, Inc.

Investors who have suffered losses due to their investment in DoubleVerify Holdings, Inc. (NYSE: DV) are encouraged to participate in a class action lawsuit initiated by Pomerantz LLP. This lawsuit is a response to allegations of securities fraud and unethical business practices led by the company and certain officers.

Overview of the Lawsuit

The class action lawsuit was filed as a result of multiple disclosures from DoubleVerify that have negatively impacted its stock price and raised concerns about the company's reliability and transparency. As reported, DoubleVerify has faced significant setbacks, including lowering revenue growth expectations and reducing its full-year revenue outlook due to decreasing customer ad spending.

Key Events Leading to the Class Action:
1. February 28, 2024: DoubleVerify announced a low forecast for first-quarter 2024, leading to a drastic drop in its stock price by more than 21%.

2. May 7, 2024: The company adjusted its full-year 2024 growth expectation downward, causing its stock to plunge almost 39% the following day.

3. February 27, 2025: DoubleVerify reported disappointing fourth-quarter results for 2024, attributing losses to diminished ad spending by clients and adverse shifts in how advertising dollars are allocated.

4. March 28, 2025: A report surfaced claiming that DoubleVerify's advertising services and fraud protection measures are ineffective, indicating that clients were being charged for invalid ad impressions.

These events raised significant red flags about DoubleVerify’s business practices, leading to the filing of the lawsuit. Investors affected by these disclosures are invited to contact Danielle Peyton at Pomerantz LLP for further assistance.

How to Participate

Investors have until July 21, 2025, to apply to be appointed as Lead Plaintiff in this case. Interested parties are urged to reach out via email at email protected] or by phone at 646-581-9980, providing their contact information and details of their share purchases. For those wanting to learn more about the specifics of the class action, a copy of the complaint is available at [the Pomerantz website.

About Pomerantz LLP

Established by Abraham L. Pomerantz, widely recognized as a pioneer in securities class actions, Pomerantz LLP holds a distinguished position in corporate, securities, and antitrust litigation. With more than 85 years of dedicated service, the firm continues advocating for victims of corporate misconduct and securities fraud. They have successfully recovered substantial damages for class members in numerous cases. For more information, visit their official site at Pomerantz LLP.

Conclusion

Investing in securities involves risk, and situations like the ongoing issues at DoubleVerify highlight the importance of being informed. Affected investors are strongly encouraged to seek representation to protect their rights and interests. Joining a class action lawsuit can be a proactive step toward seeking justice and potential compensation.