Viant Technology Inc. (NASDAQ:DSP – Get 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
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
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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