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  "docSlug": "85d244dae869",
  "documentTitle": "DoubleVerify Holdings, Inc. (DV)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-05-02 00:00:00",
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  "pageCount": 92,
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  "density": "balanced",
  "nDataPoints": 4,
  "notes": "The slide uses a two-part structure to attack both the CEO's track record and the company's international reporting transparency.",
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      "kind": "callout",
      "text": "DV's CEO And His Previous Legacy of Failure of International Growth Claims",
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      "kind": "callout",
      "text": "Fool Me Twice? Evidence of DV's International Failure, Regulatory Reporting Avoidance Scheme, And Growth Failures",
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      "text": "At its IPO, DV touted a large and growing international opportunity. However, we believe it has failed to materialize and variety of concerning financial reporting issues have emerged.",
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      "text": "DV's current and past CEO leadership is highly troubling.",
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      "kind": "title",
      "text": "Spruce Point Estimates 35% - 45% ($15.90-$18.80/sh) Downside Risk To DoubleVerify (DV) Share Price",
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      "evidence": "The document highlights several instances of revenue pressures and slowing growth.",
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