DoubleVerify Shares Hit New Low on Full-Year Outlook, 4Q Earnings Misses

Dow Jones

01 Mar

By Sabela Ojea

Shares of DoubleVerify touched a record low after its full-year outlook missed Wall Street estimates, its fourth-quarter revenue came in lower than expected and two firms cut their target prices.

The stock was down 35%, to an all-time low of $14.03, midday Friday. The shares are on pace for their largest percentage decrease since May 8 and are down 25% year to date.

DoubleVerify on Thursday said it expects first-quarter revenue between $151 and $155 million, and full-year revenue growth of 10%. Wall Street projects first-quarter revenue of $154.6 million and full-year revenue growth of around 12%, to $732.4 million.

The software-platform developer also posted fourth-quarter revenue growth of $190.6 million, for a year-over-year gain of 11%, but below the $196.8 million expected by analysts polled by FactSet.

Earlier Friday, Goldman Sachs cut its target price for the New York company's shares to $20 from $24, and Canaccord Genuity cut its target to $26 from $30.

"We continue to balance profitability with strategic investments, such as the Rockerbox acquisition, which enhances our ability to drive long-term value for advertisers," Finance Chief Nicola Allais said. The company announced $85 million deal for Rockerbox on Wednesday.

Write to Sabela Ojea at sabela.ojea@wsj.com

(END) Dow Jones Newswires

February 28, 2025 12:25 ET (17:25 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company announced $85 million deal for Rockerbox on Wednesday. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 28, 2025 12:25 ET (17:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DV","symbol_name":"DoubleVerify Holdings, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516721743","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516721743","pubTimestamp":1740763500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of DoubleVerify touched a record low after its full-year outlook missed Wall Street estimates, its fourth-quarter revenue came in lower than expected and two firms cut their target prices.The stock was down 35%, to an all-time low of $14.03, midday Friday. The shares are on pace for their largest percentage decrease since May 8 and are down 25% year to date.DoubleVerify on Thursday said it expects first-quarter revenue between $151 and $155 million, and full-year revenue growth of 10%. 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The shares are on pace for their largest percentage decrease since May 8 and are down 25% year to date. \n\n\n  DoubleVerify on Thursday said it expects first-quarter revenue between $151 and $155 million, and full-year revenue growth of 10%. Wall Street projects first-quarter revenue of $154.6 million and full-year revenue growth of around 12%, to $732.4 million. \n\n\n  The software-platform developer also posted fourth-quarter revenue growth of $190.6 million, for a year-over-year gain of 11%, but below the $196.8 million expected by analysts polled by FactSet. \n\n\n  Earlier Friday, Goldman Sachs cut its target price for the New York company's shares to $20 from $24, and Canaccord Genuity cut its target to $26 from $30. \n\n\n  \"We continue to balance profitability with strategic investments, such as the Rockerbox acquisition, which enhances our ability to drive long-term value for advertisers,\" Finance Chief Nicola Allais said. The company announced $85 million deal for Rockerbox on Wednesday. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 28, 2025 12:25 ET (17:25 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}