Viant Technology (NASDAQ:DSP) Reaches New 12-Month High Following Earnings Beat

Viant Technology Inc. (NASDAQ:DSPGet Free Report) reached a new 52-week high during trading on Monday following a stronger than expected earnings report. The company traded as high as $14.80 and last traded at $14.0990, with a volume of 141623 shares trading hands. The stock had previously closed at $13.24.

The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Viant Technology had a net margin of 2.24% and a return on equity of 4.38%. The firm had revenue of $104.25 million during the quarter, compared to analyst estimates of $59.65 million.

More Viant Technology News

Here are the key news stories impacting Viant Technology this week:

  • Positive Sentiment: Viant reported record second-quarter results, with revenue of $104.25 million substantially exceeding the $59.65 million analyst consensus. Adjusted EPS of $0.12 also exceeded the reported consensus estimate of $0.03, while management said results surpassed the high end of its guidance range. Viant Technology Announces Second Quarter 2026 Financial Results
  • Positive Sentiment: Several analysts raised their targets and maintained bullish views following the results. UBS lifted its target from $17 to $19 with a “buy” rating; Rosenblatt raised its target from $20 to $24; DA Davidson increased its target from $16.50 to $17.50; and Citizens JMP raised its target from $16 to $17 while keeping a “market outperform” rating. Analyst price-target updates
  • Positive Sentiment: The company’s AI-powered programmatic advertising positioning and management’s comments about entering a phase of accelerated growth could support the longer-term investment case. Investors can review management’s discussion in the Read More..
  • Neutral Sentiment: Viant appointed Craig Abrahams to its board of directors. The addition may strengthen corporate oversight, but no immediate financial impact was provided. Viant Appoints Craig Abrahams to Board of Directors
  • Negative Sentiment: Third-quarter revenue guidance of $107.5 million to $110.5 million was slightly below the $110 million consensus at the midpoint, potentially tempering enthusiasm after the strong quarter. Viant Technology earnings report
  • Negative Sentiment: Zacks characterized quarterly EPS of $0.12 as a miss versus its $0.13 estimate, highlighting that investor reactions may depend on the specific earnings benchmark used. Viant Technology Misses Q2 Earnings Estimates

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DSP. Citizens Jmp lifted their price target on Viant Technology from $16.00 to $17.00 and gave the company a “market outperform” rating in a report on Tuesday. Rosenblatt Securities increased their price objective on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $18.33.

Get Our Latest Stock Analysis on Viant Technology

Insiders Place Their Bets

In other news, major shareholder Capital V. Llc sold 15,000 shares of Viant Technology 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 completion of the sale, the insider directly owned 22,500 shares in the company, valued at $245,025. The trade was a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Larry Madden sold 25,376 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $11.10, for a total transaction of $281,673.60. Following the transaction, the chief financial officer directly owned 459,155 shares in the company, valued at $5,096,620.50. The trade was a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 167,853 shares of company stock valued at $1,947,895 in the last three months. Insiders own 29.43% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DSP. Bank of New York Mellon Corp acquired a new stake in Viant Technology in the 2nd quarter worth approximately $609,000. Versant Capital Management Inc boosted its position in Viant Technology by 202.3% during the second 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. Quantinno Capital Management LP grew its holdings in Viant Technology by 81.6% during the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after purchasing an additional 28,052 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in Viant Technology by 16.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after purchasing an additional 190,248 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Viant Technology in the first quarter valued at approximately $97,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Price Performance

The stock’s 50 day moving average price is $12.04 and its two-hundred day moving average price is $11.33. The firm has a market capitalization of $864.34 million, a price-to-earnings ratio of 42.55 and a beta of 1.08.

About Viant Technology

(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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