Viant Technology Inc. (NASDAQ:DSP – Get Free Report) was up 8.8% on Monday . The company traded as high as $12.90 and last traded at $12.8250. Approximately 211,929 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 240,582 shares. The stock had previously closed at $11.79.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Weiss Ratings cut Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. DA Davidson upped their target price on Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. B. Riley Financial raised their price target on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $20.00 price target on shares of Viant Technology in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Viant Technology has a consensus rating of “Buy” and an average price target of $18.00.
Get Our Latest Research Report on DSP
Viant Technology Trading Down 3.4%
Viant Technology (NASDAQ:DSP – Get 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 business had revenue of $88.54 million during 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%. Research analysts predict that Viant Technology Inc. will post -0.18 EPS for the current fiscal year.
Insider Buying and Selling
In other news, COO Christopher Vanderhook sold 2,500 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $10.96, for a total transaction of $27,400.00. The transaction was disclosed in a filing 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 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 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. Insiders sold 266,980 shares of company stock worth $2,992,826 over the last ninety days. 29.43% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Viant Technology
Institutional investors have recently modified their holdings of the company. Royce & Associates LP boosted its holdings 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. Topline Capital Management LLC bought a new position in Viant Technology in the 3rd quarter worth $2,150,000. Invenomic Capital Management LP acquired a new position in Viant Technology during the 4th quarter worth $2,748,000. Millennium Management LLC lifted its position in Viant Technology by 91.2% during the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock worth $5,177,000 after acquiring an additional 205,160 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted 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 acquiring an additional 190,248 shares during the period. Institutional investors own 11.38% of the company’s stock.
Viant Technology Company Profile
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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