Viant Technology Inc. (NASDAQ:DSP) Given Average Rating of “Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP – Get Rating) have earned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $16.71.

DSP has been the topic of a number of recent research reports. UBS Group upgraded 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 note on Monday, May 16th. Needham & Company LLC decreased their price target on shares of Viant Technology from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 11th. Canaccord Genuity Group reduced their target price on shares of Viant Technology from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, May 4th. Finally, JMP Securities reduced their target price on shares of Viant Technology from $18.00 to $14.00 and set a “market outperform” rating on the stock in a research note on Friday, March 11th.

Shares of Viant Technology stock opened at $5.99 on Tuesday. The company’s fifty day simple moving average is $6.05 and its 200-day simple moving average is $7.38. The company has a market cap of $364.31 million, a price-to-earnings ratio of -9.36 and a beta of -0.27. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.06. Viant Technology has a 1 year low of $4.59 and a 1 year high of $31.74.

Viant Technology (NASDAQ:DSP – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.01). Viant Technology had a negative return on equity of 14.04% and a negative net margin of 3.46%. The company had revenue of $27.54 million during the quarter, compared to analyst estimates of $27.30 million. During the same quarter in the previous year, the business posted ($0.27) EPS. As a group, research analysts forecast that Viant Technology will post -0.22 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in shares of Viant Technology by 208.5% in the first quarter. Jane Street Group LLC now owns 32,327 shares of the company’s stock valued at $212,000 after buying an additional 21,847 shares during the last quarter. State Street Corp raised its holdings in Viant Technology by 1.8% during the 1st quarter. State Street Corp now owns 299,888 shares of the company’s stock worth $1,964,000 after purchasing an additional 5,443 shares during the last quarter. Engineers Gate Manager LP raised its holdings in Viant Technology by 277.1% during the 1st quarter. Engineers Gate Manager LP now owns 50,119 shares of the company’s stock worth $328,000 after purchasing an additional 36,828 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Viant Technology by 110.3% during the 1st quarter. Renaissance Technologies LLC now owns 222,692 shares of the company’s stock worth $1,459,000 after purchasing an additional 116,792 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in Viant Technology by 1.0% during the 1st quarter. Clearbridge Investments LLC now owns 1,122,397 shares of the company’s stock worth $7,352,000 after purchasing an additional 10,631 shares during the last quarter. 14.52% of the stock is owned by institutional investors and hedge funds.

About Viant Technology (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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