Viant Technology Inc. (NASDAQ:DSP) Receives Consensus Recommendation of “Buy” from Analysts

Viant Technology Inc. (NASDAQ:DSPGet Free Report) has been given an average rating of “Buy” by the nine research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.00.

DSP has been the topic of several recent research reports. B. Riley Financial upped their price target on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. DA Davidson upped their price target on shares of Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Finally, Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th.

View Our Latest Stock Analysis on DSP

Viant Technology Stock Performance

NASDAQ:DSP opened at $11.00 on Friday. Viant Technology has a one year low of $8.11 and a one year high of $15.18. The firm has a market cap of $696.85 million, a price-to-earnings ratio of 30.56 and a beta of 1.00. The firm’s fifty day moving average is $11.04 and its two-hundred day moving average is $10.93.

Viant Technology (NASDAQ:DSPGet Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The business had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. As a group, equities research analysts predict that Viant Technology will post -0.12 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Timothy Vanderhook sold 2,796 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $10.74, for a total transaction of $30,029.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Larry Madden sold 17,297 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $11.42, for a total transaction of $197,531.74. Following the sale, the chief financial officer directly owned 517,864 shares in the company, valued at approximately $5,914,006.88. The trade was a 3.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 195,798 shares of company stock valued at $2,181,451. Insiders own 29.40% of the company’s stock.

Institutional Trading of Viant Technology

A number of hedge funds have recently bought and sold shares of the business. Punch & Associates Investment Management Inc. raised its holdings in Viant Technology by 16.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after acquiring an additional 190,248 shares during the last quarter. Royce & Associates LP raised its holdings in Viant Technology by 72.3% in the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after acquiring an additional 382,664 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Viant Technology by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock valued at $5,945,000 after acquiring an additional 12,683 shares during the last quarter. Millennium Management LLC raised its holdings in Viant Technology by 91.2% in the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after acquiring an additional 205,160 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Viant Technology by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company’s stock valued at $5,036,000 after acquiring an additional 22,857 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

(Get Free Report)

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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