Viant Technology Inc. (NASDAQ:DSP) Receives Consensus Rating of “Buy” from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSPGet Rating) have been given an average rating of “Buy” by the eight analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.71.

A number of analysts have weighed in on DSP shares. JMP Securities reduced their price target on Viant Technology from $18.00 to $14.00 and set a “market outperform” rating for the company in a research report on Friday, March 11th. Canaccord Genuity Group decreased their target price on Viant Technology from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. UBS Group raised shares of Viant Technology from a “neutral” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Monday. Zacks Investment Research downgraded shares of Viant Technology from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Finally, Needham & Company LLC dropped their target price on shares of Viant Technology from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, March 11th.

DSP stock traded up $0.06 during mid-day trading on Friday, hitting $5.48. The stock had a trading volume of 115,001 shares, compared to its average volume of 211,597. Viant Technology has a 1-year low of $4.59 and a 1-year high of $36.46. The company has a fifty day moving average of $6.27 and a 200 day moving average of $8.10. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $333.32 million, a price-to-earnings ratio of -8.56 and a beta of -0.24.

Viant Technology (NASDAQ:DSPGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). Viant Technology had a negative return on equity of 14.04% and a negative net margin of 3.46%. During the same period last year, the company posted ($0.27) earnings per share. As a group, sell-side analysts expect that Viant Technology will post -0.22 earnings per share for the current fiscal year.

In other news, CFO Larry Madden sold 21,628 shares of the company’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $6.08, for a total transaction of $131,498.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DSP. Point72 Hong Kong Ltd acquired a new stake in shares of Viant Technology during the 3rd quarter valued at about $28,000. Advisor Group Holdings Inc. boosted its holdings in Viant Technology by 252.5% during the first quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock valued at $36,000 after purchasing an additional 1,808 shares in the last quarter. Citigroup Inc. grew its stake in shares of Viant Technology by 136.7% in the 4th quarter. Citigroup Inc. now owns 2,982 shares of the company’s stock valued at $29,000 after purchasing an additional 1,722 shares during the period. Morgan Stanley raised its holdings in shares of Viant Technology by 20,490.0% in the 2nd quarter. Morgan Stanley now owns 10,295 shares of the company’s stock worth $306,000 after buying an additional 10,245 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Viant Technology during the 3rd quarter worth approximately $153,000. Institutional investors and hedge funds own 14.52% of the company’s stock.

Viant Technology Company Profile (Get Rating)

Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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