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

Viant Technology Inc. (NASDAQ:DSP) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.83.

A number of brokerages recently weighed in on DSP. Canaccord Genuity Group boosted their price objective on shares of Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, March 5th. Needham & Company LLC boosted their price objective on shares of Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Craig Hallum boosted their price objective on shares of Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Raymond James boosted their target price on shares of Viant Technology from $7.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, UBS Group boosted their target price on shares of Viant Technology from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th.

Viant Technology Stock Up 3.6 %

Shares of NASDAQ DSP opened at $9.04 on Wednesday. Viant Technology has a twelve month low of $3.75 and a twelve month high of $11.63. The firm has a market cap of $567.98 million, a P/E ratio of -39.30 and a beta of 0.63. The company has a 50 day moving average of $9.59 and a 200 day moving average of $7.70.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, March 4th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). Viant Technology had a negative return on equity of 5.84% and a negative net margin of 1.54%. The firm had revenue of $42.60 million during the quarter, compared to analysts’ expectations of $42.10 million. As a group, equities analysts expect that Viant Technology will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of Viant Technology in the 3rd quarter worth $69,000. Allspring Global Investments Holdings LLC increased its stake in shares of Viant Technology by 185.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock worth $101,000 after purchasing an additional 11,768 shares in the last quarter. Barclays PLC increased its stake in shares of Viant Technology by 357.3% in the 3rd quarter. Barclays PLC now owns 19,801 shares of the company’s stock worth $111,000 after purchasing an additional 15,471 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Viant Technology in the 4th quarter worth $260,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in shares of Viant Technology by 9.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock worth $410,000 after purchasing an additional 6,232 shares in the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

About Viant Technology

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.