DoubleVerify Holdings, Inc.
Company Name | DoubleVerify Holdings, Inc. |
Stock Symbol | DV |
On May 7, 2024, DoubleVerify released its first quarter 2024 financial results and reduced its fiscal 2024 revenue guidance, disclosing that there had been a pullback in customer spending on advertising beginning in April after the Company publicly apologized for displaying incorrect data regarding brand safety score for X advertisers for nearly five months.
On this news, DoubleVerify’s stock price fell $11.79, or 38.5%, to close at $18.78 per share on May 8, 2024, thereby injuring investors.
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