DoubleVerify might be a classic Warren Buffett play

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One of the most promising tech stocks earlier this year turned out to be a nightmare for investors. Back in February, the shares of adtech company DoubleVerify ($DV) were trading at an all-time high. Fast forward to today, and $DV is trading at all-time lows. In the chart below, you can see two consecutive brutal sell-offs that erased 60% of the company’s value in a matter of months.

The company's disappointing full-year outlook, issued in Q1, was the main reason behind the 39% plunge that followed post-earnings. Despite the weaker-than-expected full-year outlook, DV still grows nicely and very profitably, and has solid growth prospects. At current prices around all-time lows, DV could be a Warren Buffet-like contrarian play. Let’s see why.

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