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

Viant Technology Inc. (NASDAQ:DSP) has earned an average recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $18.50.

Several equities research analysts have recently issued reports on DSP shares. B. Riley restated a “buy” rating and issued a $16.50 price objective (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. DA Davidson increased their price target on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a report on Tuesday, November 11th. Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Tuesday, November 11th. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, October 8th.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $11.40 on Monday. The stock’s 50-day moving average is $10.92 and its 200-day moving average is $10.84. The company has a market cap of $711.70 million, a P/E ratio of 103.65 and a beta of 1.03. Viant Technology has a 52-week low of $8.11 and a 52-week high of $26.33.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $85.58 million for the quarter, compared to the consensus estimate 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, equities analysts predict that Viant Technology will post -0.39 EPS for the current year.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 13,477 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total value of $157,680.90. Following the sale, the chief financial officer owned 409,778 shares of the company’s stock, valued at $4,794,402.60. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Christopher Vanderhook sold 9,102 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total transaction of $106,493.40. Following the transaction, the chief operating officer directly owned 347,182 shares of the company’s stock, valued at $4,062,029.40. The trade was a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,579 shares of company stock worth $616,874. 28.80% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in Viant Technology during the third quarter worth about $31,000. AlphaQuest LLC lifted its position in shares of Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after buying an additional 3,443 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Viant Technology by 433.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after buying an additional 6,454 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Viant Technology in the 2nd quarter valued at $75,000. Finally, Franklin Resources Inc. bought a new stake in Viant Technology in the third quarter valued at $100,000. 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.