Is IPO Stock DoubleVerify a Buy After Its Q1 2021 Update?

DoubleVerify (NYSE: DV) has been holding its own since going public back in April. The digital ad software company got hit along with other high-growth stocks in May, but after a solid first-quarter 2021 earnings report, shares are back to where they started when they made their publicly traded debut. The digital advertising industry is making a fast rebound this year in the wake of pandemic lockdowns, and DoubleVerify is a top beneficiary from consumers spending extra time streaming TV and on social media.