Viant Technology Inc. (NASDAQ:DSP – Get Free Report) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.00.
A number of analysts recently weighed in on DSP shares. DA Davidson raised their target price on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial increased their price objective on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a report on Thursday, April 16th.
Viant Technology Trading Down 0.8%
Viant Technology (NASDAQ:DSP – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The business had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. On average, research analysts forecast that Viant Technology will post -0.18 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Larry Madden sold 11,273 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $12.69, for a total value of $143,054.37. Following the completion of the transaction, the chief financial officer owned 428,636 shares in the company, valued at $5,439,390.84. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Christopher Vanderhook sold 2,500 shares of Viant Technology stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.96, for a total value of $27,400.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 290,202 shares of company stock valued at $3,300,047. 29.43% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after acquiring an additional 1,228 shares during the period. Versant Capital Management Inc boosted its stake in Viant Technology by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock worth $35,000 after purchasing an additional 1,855 shares during the period. CWM LLC grew its position in Viant Technology by 431.0% during the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after purchasing an additional 2,267 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Viant Technology by 620.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock worth $35,000 after purchasing an additional 2,483 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Viant Technology during the 4th quarter worth approximately $64,000. 11.38% of the stock is owned by hedge funds and other institutional investors.
About Viant Technology
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.
Read More
- Five stocks we like better than Viant Technology
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
- MarketBeat Week in Review – 07/06 – 07/10
Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.
