#United States #New York #Class Action #Pomerantz LLP #DoubleVerify

Investors Alert: Class Action Against DoubleVerify Holdings

Pomerantz Law Firm has announced that a class action lawsuit has been initiated against DoubleVerify Holdings, Inc. (NYSE: DV), inviting investors who experienced losses to join the legal proceedings. This action raises concerns about potential securities fraud and unethical business practices involving certain officers and directors of the company.

Key Details of the Class Action

Investors who acquired DoubleVerify securities during the specified class period are encouraged to contact Danielle Peyton via email or phone for more information on how to become involved as a Lead Plaintiff in the lawsuit. The deadline to request this role is July 21, 2025. Interested parties can also visit Pomerantz's official website to access a copy of the complaint filed in court.

Significant Stock Price Movements

The lawsuit follows a series of troubling financial reports from DoubleVerify, which indicated a significant downturn in revenue growth. On February 28, 2024, the company announced expectations for lower revenue growth in Q1 2024, primarily attributed to a sluggish start from brand advertisers and slow onboarding of newly signed large customers. This revelation caused a sharp decline in the stock price by 21.3%, dropping it to $30.89 per share the next day.

In a further blow, DoubleVerify announced on May 7, 2024, a reduction in its revenue outlook for the entirety of 2024, citing customer cutbacks on advertising budgets. Following this news, the stock price plummeted by a staggering 38.6%, closing at $18.78 per share on May 8, 2024.

Additionally, on February 27, 2025, the company reported fourth-quarter results that fell short of expectations, revealing lower sales and earnings due to decreased customer spending. Investors were left alarmed as DoubleVerify’s stock saw a dramatic decrease of approximately 36%, closing at $13.90 a share on February 28, 2025.

The situation was exacerbated further when a report released on March 28, 2025, by market research firm Adalytics Research, raised serious questions regarding the efficacy of DoubleVerify’s services that purported to provide advertisement verification and fraud protection. Claims emerged that clients were being charged for ad impressions delivered to bots and that DoubleVerify frequently fails to detect nonhuman traffic – a direct contradiction to the firm’s assertions of safeguarding brands against such occurrences.

About Pomerantz LLP

Pomerantz LLP is a leading law firm recognized for its commitment to protecting investors against corporate malfeasance, particularly within the realms of corporate and securities class litigation. With a history of over 85 years, Pomerantz has established itself as a powerhouse in fighting for the rights of individuals against corporate misconduct. The firm has successfully secured numerous multi-million dollar settlements for its clients, ensuring that victims of securities fraud have a voice in the legal system.

Conclusion

Investors in DoubleVerify Holdings should weigh their options seriously in light of this class-action opportunity. The upcoming deadlines provide a critical window for affected investors to take action and join others in pursuing recourse against alleged securities fraud. Those interested should reach out to Pomerantz Law Firm for specific details on how to proceed.

Contact Information:
Danielle Peyton
Pomerantz LLP
Email: [email protected]
Phone: 646-581-9980 ext. 7980

For more details, visit Pomerantz Law Firm.