DA Davidson Increases Viant Technology (NASDAQ:DSP) Price Target to $15.50

Viant Technology (NASDAQ:DSP) had its target price increased by DA Davidson from $15.00 to $15.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 42.73% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research report on Tuesday. JMP Securities lowered their price target on Viant Technology from $24.00 to $18.00 and set a “market outperform” rating for the company in a research report on Tuesday, August 12th. Rosenblatt Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Viant Technology in a report on Tuesday. B. Riley reissued a “buy” rating and set a $16.50 target price (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $19.44.

Viant Technology Trading Up 3.6%

Shares of NASDAQ:DSP opened at $10.86 on Tuesday. The company has a market capitalization of $683.65 million, a price-to-earnings ratio of 98.74 and a beta of 1.07. Viant Technology has a 12-month low of $8.11 and a 12-month high of $26.33. The business has a 50-day moving average price of $9.01 and a 200 day moving average price of $11.67.

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). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The company had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Viant Technology will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 13,006 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $9.73, for a total transaction of $126,548.38. Following the sale, the chief financial officer owned 423,255 shares in the company, valued at $4,118,271.15. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher Vanderhook sold 8,782 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $9.73, for a total value of $85,448.86. Following the completion of the sale, the chief operating officer directly owned 356,284 shares in the company, valued at $3,466,643.32. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 29.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Viant Technology in the 2nd quarter valued at $8,443,000. Cubist Systematic Strategies LLC raised its stake in Viant Technology by 77.8% in the first quarter. Cubist Systematic Strategies LLC now owns 92,686 shares of the company’s stock valued at $1,150,000 after buying an additional 40,567 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Viant Technology by 30.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 404,895 shares of the company’s stock worth $5,357,000 after buying an additional 93,330 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Viant Technology during the 1st quarter worth about $982,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Viant Technology in the 1st quarter valued at about $417,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.