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

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $18.50.

Several research firms have recently issued reports on DSP. B. Riley reissued a “buy” rating and issued a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research report on Tuesday, November 11th. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Citizens Jmp reduced their price objective on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Finally, DA Davidson increased their target price on Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th.

Institutional Investors Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its holdings in shares of Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after purchasing an additional 1,056 shares during the period. JPMorgan Chase & Co. grew its position in shares of Viant Technology by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after buying an additional 1,109 shares during the last quarter. Huntleigh Advisors Inc. raised its stake in Viant Technology by 5.8% during the second quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock worth $314,000 after acquiring an additional 1,290 shares during the period. Martingale Asset Management L P raised its stake in Viant Technology by 4.9% during the first quarter. Martingale Asset Management L P now owns 28,353 shares of the company’s stock worth $352,000 after acquiring an additional 1,337 shares during the period. Finally, Strs Ohio lifted its holdings in Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock worth $339,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $11.54 on Thursday. Viant Technology has a 1 year low of $8.11 and a 1 year high of $26.33. The business has a 50 day moving average price of $9.83 and a 200 day moving average price of $11.03. The company has a market capitalization of $720.44 million, a P/E ratio of 104.92 and a beta of 1.05.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). The firm had revenue of $85.58 million during the quarter, compared to analyst estimates of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. As a group, research analysts expect that Viant Technology will post -0.39 EPS for the current fiscal year.

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.