Spruce Point calls DoubleVerify a ‘Strong Sell,’ sees 35%-45% downside risk

Short-selling firm Spruce Point Capital issued a "Strong Sell" opinion on DoubleVerify (DV) where the firm sees "35%-45% downside risk." Spruce Point stated in part: "We believe DV is a massive corporate hypocrisy. Its business is advertising fraud detection and brand safety. It claims to help increase transparecy in the advertising ecosystem. But we don’t believe it practices what it preaches. We are long $IAS as a relative value long w/ 20-30% upside." Reference Link