DoubleVerify Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: DoubleVerify Inc. |
Ticker: | Ticker: DV |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against DoubleVerify, Inc (“DoubleVerify” or the “Company”) (NYSE: DV). The investigation concerns whether DoubleVerify and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On May 7, 2024, DoubleVerify announced its financial results for the first quarter of 2024, noting the Company was adjusting its “full-year 2024 guidance ranges to 17% revenue growth, and 31% adjusted EBITDA margins at the midpoints primarily due to uneven spending patterns among select large advertisers.” On this news, the price of DoubleVerify shares declined by $11.79 per share, or approximately 38.5%, from $30.57 per share on May 7, 2024 to close at $18.78 on May 8, 2024.
On May 7, 2024, DoubleVerify announced its financial results for the first quarter of 2024, noting the Company was adjusting its “full-year 2024 guidance ranges to 17% revenue growth, and 31% adjusted EBITDA margins at the midpoints primarily due to uneven spending patterns among select large advertisers.” On this news, the price of DoubleVerify shares declined by $11.79 per share, or approximately 38.5%, from $30.57 per share on May 7, 2024 to close at $18.78 on May 8, 2024.