Viant Technology (NASDAQ:DSP) Shares Up 4.7%

Viant Technology Inc. (NASDAQ:DSP) shares traded up 4.7% during trading on Monday . The company traded as high as $8.74 and last traded at $8.72. 33,199 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 125,426 shares. The stock had previously closed at $8.33.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Craig Hallum boosted their price objective on Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group boosted their target price on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. UBS Group boosted their target price on Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Needham & Company LLC boosted their target price on Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, Raymond James boosted their target price on Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Viant Technology currently has an average rating of “Moderate Buy” and an average target price of $10.83.

Viant Technology Trading Up 2.9 %

The business has a fifty day moving average price of $9.58 and a two-hundred day moving average price of $7.76.

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

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently made changes to their positions in DSP. Allspring Global Investments Holdings LLC lifted its position in shares of Viant Technology by 185.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock worth $101,000 after buying an additional 11,768 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Viant Technology during the 3rd quarter worth about $69,000. Barclays PLC lifted its position in shares of Viant Technology by 357.3% during 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 during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Viant Technology by 9.3% during 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 during the last quarter. Finally, EAM Investors LLC acquired a new position in shares of Viant Technology during the 3rd quarter worth about $1,354,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

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.