Viant Technology Inc. (NASDAQ:DSP) Given Average Rating of “Buy” by Analysts

Viant Technology Inc. (NASDAQ:DSPGet Free Report) has been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $18.00.

A number of research analysts have recently issued reports on the stock. DA Davidson boosted their price target on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. B. Riley Financial boosted their target price 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. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price target on shares of Viant Technology in a research report on Thursday, April 16th.

Read Our Latest Analysis on Viant Technology

Viant Technology Trading Down 0.3%

Shares of DSP stock opened at $11.42 on Friday. The stock has a market cap of $748.35 million, a price-to-earnings ratio of 31.72 and a beta of 1.03. The stock has a 50-day moving average of $11.93 and a 200-day moving average of $11.29. Viant Technology has a 1-year low of $8.11 and a 1-year high of $15.06.

Viant Technology (NASDAQ:DSPGet Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The company had revenue of $88.54 million for the quarter, compared to the consensus estimate of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. Sell-side analysts forecast that Viant Technology will post -0.18 earnings per share for the current year.

Insider Activity

In related news, major shareholder Capital V. Llc sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $10.89, for a total transaction of $163,350.00. Following the sale, the insider owned 22,500 shares in the company, valued at $245,025. This represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Larry Madden sold 25,376 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $11.10, for a total value of $281,673.60. Following the sale, the chief financial officer owned 459,155 shares in the company, valued at approximately $5,096,620.50. The trade was a 5.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 203,688 shares of company stock valued at $2,365,103. Corporate insiders own 29.43% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds have recently added to or reduced their stakes in DSP. Punch & Associates Investment Management Inc. boosted its holdings in shares of Viant Technology by 16.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock worth $15,088,000 after buying an additional 190,248 shares in the last quarter. Royce & Associates LP grew its position in shares of Viant Technology by 72.3% during the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares during the period. Renaissance Technologies LLC increased its stake in shares of 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 in the last quarter. Millennium Management LLC increased its stake in shares of 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Viant Technology by 6.4% during 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 period. 11.38% of the stock is currently owned by institutional investors.

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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