BUZZ-DoubleVerify tumbles after Q4, guidance miss
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Shares of DoubleVerify fell 17.7% to $17.88 after Q4 results and guidance missed Wall Street expectations. The company reported Q4 revenue growth of 11% year-over-year to $190.6 million and adjusted EBITDA of $73.8 million, both below estimates. For Q1, it expects revenue of $151-$155 million and adjusted EBITDA of $37-41 million, also below analyst expectations. Five brokerages lowered their price targets following the report. Despite a 13% YTD increase, the stock has dropped approximately 45% over the past year.
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