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

Viant Technology Inc. (NASDAQ:DSP) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of analysts have recently weighed in on DSP shares. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. B. Riley reiterated a “buy” rating and set a $16.50 price objective (up from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th. Rosenblatt Securities reissued a “buy” rating and issued a $20.00 target price on shares of Viant Technology in a research report on Tuesday, November 11th. DA Davidson upped their target price on shares of Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Finally, Citizens Jmp decreased their price target on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 11th.

Insider Transactions at Viant Technology

In related news, COO Christopher Vanderhook sold 9,102 shares of the firm’s stock in a transaction on 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 in the company, valued at $4,062,029.40. This trade represents a 2.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy Vanderhook sold 5,000 shares of Viant Technology stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $11.94, for a total transaction of $59,700.00. Following the completion of the transaction, the chief executive officer directly owned 7,500 shares of the company’s stock, valued at approximately $89,550. This represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 106,803 shares of company stock worth $1,284,653 in the last quarter. Insiders own 29.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Granite Investment Partners LLC acquired a new stake in shares of Viant Technology during the 2nd quarter worth approximately $7,239,000. Moran Wealth Management LLC grew its stake in Viant Technology by 16.3% during the 2nd quarter. Moran Wealth Management LLC now owns 34,356 shares of the company’s stock worth $455,000 after buying an additional 4,817 shares during the last quarter. Acadian Asset Management LLC increased its position in Viant Technology by 12.1% in the second quarter. Acadian Asset Management LLC now owns 149,811 shares of the company’s stock worth $1,980,000 after buying an additional 16,205 shares during the period. Corton Capital Inc. bought a new stake in Viant Technology in the second quarter valued at $150,000. Finally, Huntleigh Advisors Inc. boosted its holdings in shares of Viant Technology by 5.8% during the second quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock valued at $314,000 after acquiring an additional 1,290 shares during the period. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Price Performance

NASDAQ:DSP opened at $10.17 on Friday. The firm has a 50-day moving average of $11.81 and a two-hundred day moving average of $10.67. The stock has a market cap of $634.91 million, a P/E ratio of 92.46 and a beta of 1.03. Viant Technology has a 1-year low of $8.11 and a 1-year high of $26.33.

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

About Viant Technology

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.