Pomerantz Law Firm Issues Reminder for DoubleVerify Holdings Investors on Class Action Lawsuit Deadlines
On June 12, 2025, the Pomerantz Law Firm announced the initiation of a class action lawsuit against DoubleVerify Holdings, Inc. (NYSE: DV). This lawsuit targets investors who have incurred losses due to their investment in DoubleVerify. The law firm urges affected investors to get in touch with Danielle Peyton at [email protected] or by calling 646-581-9980, providing their contact details and number of shares purchased for assistance.
The legal action centers around allegations that DoubleVerify and certain officers or directors may have engaged in securities fraud or engaged in other unlawful business practices, leading to significant financial losses for shareholders. Investors are reminded that the deadline to request appointment as Lead Plaintiff in the ongoing class action is July 21, 2025. A copy of the complaint can be accessed at www.pomerantzlaw.com.
The woes for DoubleVerify began with an announcement on February 28, 2024, when the company set revised lower expectations for revenue growth for the first quarter of 2024. This poor outlook stemmed from sluggish initial activity from brand advertisers and a slow onboarding process for newly signed large clients. Following this announcement, DoubleVerify’s share price plummeted by $8.35, equivalent to a 21.3% decline, closing at $30.89 the following day.
As the company's fortunes continued to decline, another announcement came on May 7, 2024, indicating a cut in the full-year revenue outlook for 2024 due to a noted decrease in advertising spending by clients. This shocking revelation caused the stock price to drop further, falling by $11.79, or 38.6%, and closing at $18.78 on May 8, 2024.
Fast forward to February 27, 2025, when DoubleVerify reported disappointing sales and earnings for the fourth quarter of 2024. The decline was attributed to ongoing reduced spending by customers and highlighted that the trend of shifting ad dollars from open exchanges to closed platforms adversely impacted the company's performance. As a result, the stock value plunged by approximately 36%, landing at $13.90 per share by the close on February 28, 2025.
Further compounding DoubleVerify's difficulties, market research firm Adalytics Research, LLC released a critical report on March 28, 2025. This report accused DoubleVerify's advertisement verification and fraud protection services of ineffectiveness. It revealed that customers were often billed for ad impressions that served nonhuman bots operating from known server farms. Furthermore, The Wall Street Journal corroborated these claims, indicating that DoubleVerify frequently fails to detect nonhuman traffic, contradicting the company's statements that it protects brands from such occurrences.
Established over 85 years ago by Abraham L. Pomerantz, the Pomerantz Law Firm has emerged as one of the leading firms specializing in corporate, securities, and antitrust class litigation. With offices in key cities, including New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, Pomerantz continues to uphold a legacy of advocating for the rights of individuals victimized by securities fraud and corporate misconduct. The firm has a strong track record of recovering substantial settlements for claimants, showcasing its unwavering commitment to justice in corporate affairs.
For investors concerned about their investments in DoubleVerify and how the class action may affect them, Pomerantz Law Firm offers knowledgeable support and assures that potential claims are handled professionally and with integrity.
Stay informed and ensure your voice is heard in this pivotal class action by contacting Pomerantz Law Firm before the looming deadlines to secure your rights as an investor.
The legal action centers around allegations that DoubleVerify and certain officers or directors may have engaged in securities fraud or engaged in other unlawful business practices, leading to significant financial losses for shareholders. Investors are reminded that the deadline to request appointment as Lead Plaintiff in the ongoing class action is July 21, 2025. A copy of the complaint can be accessed at www.pomerantzlaw.com.
The woes for DoubleVerify began with an announcement on February 28, 2024, when the company set revised lower expectations for revenue growth for the first quarter of 2024. This poor outlook stemmed from sluggish initial activity from brand advertisers and a slow onboarding process for newly signed large clients. Following this announcement, DoubleVerify’s share price plummeted by $8.35, equivalent to a 21.3% decline, closing at $30.89 the following day.
As the company's fortunes continued to decline, another announcement came on May 7, 2024, indicating a cut in the full-year revenue outlook for 2024 due to a noted decrease in advertising spending by clients. This shocking revelation caused the stock price to drop further, falling by $11.79, or 38.6%, and closing at $18.78 on May 8, 2024.
Fast forward to February 27, 2025, when DoubleVerify reported disappointing sales and earnings for the fourth quarter of 2024. The decline was attributed to ongoing reduced spending by customers and highlighted that the trend of shifting ad dollars from open exchanges to closed platforms adversely impacted the company's performance. As a result, the stock value plunged by approximately 36%, landing at $13.90 per share by the close on February 28, 2025.
Further compounding DoubleVerify's difficulties, market research firm Adalytics Research, LLC released a critical report on March 28, 2025. This report accused DoubleVerify's advertisement verification and fraud protection services of ineffectiveness. It revealed that customers were often billed for ad impressions that served nonhuman bots operating from known server farms. Furthermore, The Wall Street Journal corroborated these claims, indicating that DoubleVerify frequently fails to detect nonhuman traffic, contradicting the company's statements that it protects brands from such occurrences.
Established over 85 years ago by Abraham L. Pomerantz, the Pomerantz Law Firm has emerged as one of the leading firms specializing in corporate, securities, and antitrust class litigation. With offices in key cities, including New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, Pomerantz continues to uphold a legacy of advocating for the rights of individuals victimized by securities fraud and corporate misconduct. The firm has a strong track record of recovering substantial settlements for claimants, showcasing its unwavering commitment to justice in corporate affairs.
For investors concerned about their investments in DoubleVerify and how the class action may affect them, Pomerantz Law Firm offers knowledgeable support and assures that potential claims are handled professionally and with integrity.
Stay informed and ensure your voice is heard in this pivotal class action by contacting Pomerantz Law Firm before the looming deadlines to secure your rights as an investor.
Topics Financial Services & Investing）
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