DA Davidson Issues Positive Forecast for Viant Technology (NASDAQ:DSP) Stock Price

Viant Technology (NASDAQ:DSP) had its price target boosted by DA Davidson from $15.00 to $15.50 in a report released on Tuesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the company. Citizens Jmp dropped their price target on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday. JMP Securities dropped their target price on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Citigroup restated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday. Canaccord Genuity Group reduced their price target on shares of Viant Technology from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus target price of $19.18.

Viant Technology Stock Performance

DSP opened at $10.48 on Tuesday. The company’s 50-day simple moving average is $8.99 and its two-hundred day simple moving average is $11.67. The stock has a market capitalization of $659.72 million, a P/E ratio of 95.28 and a beta of 1.07. Viant Technology has a 52-week low of $8.11 and a 52-week high of $26.33.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). Viant Technology had a net margin of 0.57% and a negative return on equity of 4.98%. The company had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology has set its Q4 2025 guidance at EPS. Research analysts forecast that Viant Technology will post -0.39 EPS for the current fiscal year.

Insider Activity at Viant Technology

In other Viant Technology news, COO Christopher Vanderhook sold 8,782 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total value of $85,448.86. Following the completion of the transaction, the chief operating officer directly owned 356,284 shares in the company, valued at $3,466,643.32. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Larry Madden sold 13,006 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $126,548.38. Following the completion of the sale, the chief financial officer directly owned 423,255 shares of the company’s stock, valued at approximately $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. grew its position in shares of Viant Technology by 37.0% during the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock worth $12,283,000 after purchasing an additional 267,326 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in Viant Technology during the 2nd quarter valued at approximately $8,443,000. Granite Investment Partners LLC purchased a new stake in Viant Technology during the 2nd quarter valued at approximately $7,239,000. Harbor Capital Advisors Inc. raised its position in shares of Viant Technology by 30.0% during the second quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company’s stock valued at $5,357,000 after buying an additional 93,330 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Viant Technology by 6.4% in the second quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock worth $5,036,000 after buying an additional 22,857 shares in the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

About Viant Technology

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.