Rosenblatt Securities Reaffirms “Buy” Rating for Viant Technology (NASDAQ:DSP)

Viant Technology (NASDAQ:DSP)‘s stock had its “buy” rating reaffirmed by research analysts at Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $20.00 price target on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 84.16% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. JMP Securities dropped their target price on shares of Viant Technology from $24.00 to $18.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Citigroup restated a “market outperform” rating on shares of Viant Technology in a report on Tuesday. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Raymond James Financial decreased their target price on Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Tuesday, August 12th. Finally, DA Davidson began coverage on Viant Technology in a research report on Friday, August 29th. They set a “buy” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $19.44.

Viant Technology Stock Performance

NASDAQ DSP opened at $10.86 on Tuesday. The stock has a market cap of $683.65 million, a P/E ratio of 98.74 and a beta of 1.07. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $26.33. The stock has a 50 day simple moving average of $9.01 and a two-hundred day simple moving average of $11.67.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. The business had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Viant Technology will post -0.39 earnings per share for the current year.

Insider Activity at Viant Technology

In other Viant Technology news, COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $85,448.86. Following the completion of the transaction, the chief operating officer owned 356,284 shares in the company, valued at approximately $3,466,643.32. The trade was a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Larry Madden sold 13,006 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total value of $126,548.38. Following the completion of the sale, the chief financial officer directly owned 423,255 shares in the company, valued at $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 29.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new position in Viant Technology in the third quarter worth about $31,000. AlphaQuest LLC increased its position in shares of Viant Technology by 287.6% during the second quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after acquiring an additional 3,443 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Viant Technology in the 2nd quarter worth approximately $75,000. Quantbot Technologies LP purchased a new position in Viant Technology in the 3rd quarter worth approximately $137,000. Finally, Corton Capital Inc. purchased a new stake in Viant Technology during the 2nd quarter valued at $150,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.