DoubleVerify: Strong Retention, Attractive Valuation

Gary Alexander33.52K FollowersFollow5ShareSavePlay(10min)CommentsSummaryDoubleVerify is a compelling buy after a ~20% share price decline in the past year.Though investors are fearing weakened ad budgets and potential AI incursion, the company is showcasing strong revenue retention rates.DoubleVerify addresses a $27 billion TAM, which has expansion potential as it adds new products to track and measure AI ad spending.The stock trades at <5x forward adjusted EBITDA, a bargain despite several risks (competition, macro headwinds, and potential AI displacement). JTKPHOTOz/iStock via Getty Images As the stock market continues to waver around Iran war headlines, investors continue to take a risk-off approach to investing even as the broader market shows signs of a rebound. Small- and mid-cap stocks have been particularly hardThis article was written byGary Alexander33.52K FollowersFollowWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.Analyst’s Disclosure: I/we have a beneficial long position in the shares of DV either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.