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

Viant Technology Inc. (NASDAQ:DSPGet Free Report) has been given an average recommendation of “Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.00.

Several analysts have recently issued reports on the company. Loop Capital set a $14.50 price objective on Viant Technology in a report on Tuesday, March 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday, April 16th. Freedom Capital raised Viant Technology to a “strong-buy” rating in a report on Tuesday, March 10th. DA Davidson upped their price objective on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th.

Check Out Our Latest Analysis on DSP

Insider Activity at Viant Technology

In other news, major shareholder Capital V. Llc sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $11.12, for a total transaction of $166,800.00. Following the transaction, the insider owned 22,500 shares of the company’s stock, valued at approximately $250,200. The trade was a 40.00% 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, CFO Larry Madden sold 25,376 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $11.10, for a total value of $281,673.60. Following the transaction, the chief financial officer directly owned 459,155 shares in the company, valued at approximately $5,096,620.50. This represents a 5.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 248,660 shares of company stock worth $2,793,211. Corporate insiders own 29.43% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. increased its position 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 valued at $15,088,000 after purchasing an additional 190,248 shares during the last quarter. Royce & Associates LP increased 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 valued at $10,981,000 after purchasing an additional 382,664 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Viant Technology by 2.6% during the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock valued at $5,945,000 after purchasing an additional 12,683 shares during the last quarter. Millennium Management LLC increased its position in shares of Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after purchasing an additional 205,160 shares during the last quarter. Finally, Geode Capital Management LLC increased 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 purchasing an additional 22,857 shares during the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of DSP opened at $11.11 on Thursday. The stock has a market capitalization of $728.04 million, a price-to-earnings ratio of 30.86 and a beta of 1.04. Viant Technology has a 1 year low of $8.11 and a 1 year high of $15.18. The business’s 50 day simple moving average is $11.22 and its 200-day simple moving average is $11.21.

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 the consensus estimate of $0.08 by ($0.11). The firm had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. On average, sell-side analysts expect that Viant Technology will post -0.18 earnings per share for the current year.

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.

Further Reading

Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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