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

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $18.00.

Several research analysts have weighed in on DSP shares. B. Riley Financial lifted their target price on Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday. Freedom Capital upgraded Viant Technology to a “strong-buy” rating in a research note on Tuesday, March 10th. Loop Capital set a $14.50 target price on Viant Technology in a research note on Tuesday, March 10th. Finally, DA Davidson lifted their target price on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 18,538 shares of Viant Technology stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $11.85, for a total value of $219,675.30. Following the transaction, the chief financial officer directly owned 535,161 shares in the company, valued at approximately $6,341,657.85. This trade represents a 3.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Capital V. Llc sold 15,000 shares of Viant Technology stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $11.80, for a total value of $177,000.00. Following the completion of the transaction, the insider owned 23,760 shares in the company, valued at $280,368. This trade represents a 38.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 214,118 shares of company stock worth $2,300,692 over the last quarter. Company insiders own 29.40% of the company’s stock.

Institutional Trading of Viant Technology

A number of institutional investors have recently modified their holdings of DSP. Royce & Associates LP boosted its stake in shares of Viant Technology by 72.3% in the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock valued at $10,981,000 after buying an additional 382,664 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Viant Technology in the third quarter valued at approximately $2,150,000. Invenomic Capital Management LP purchased a new stake in shares of Viant Technology in the fourth quarter valued at approximately $2,748,000. Millennium Management LLC boosted its stake in shares of Viant Technology by 91.2% in the fourth quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after buying an additional 205,160 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in shares of Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after buying an additional 190,248 shares in the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Up 1.1%

DSP opened at $10.55 on Friday. The firm has a market cap of $668.34 million, a price-to-earnings ratio of 29.31 and a beta of 1.00. Viant Technology has a 52 week low of $8.11 and a 52 week high of $16.25. The business’s 50 day moving average is $11.00 and its two-hundred day moving average is $10.86.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $88.54 million for the quarter, compared to analyst estimates of $50.13 million. Viant Technology had a return on equity of 2.40% and a net margin of 2.51%. Equities analysts expect that Viant Technology will post -0.12 EPS for the current fiscal year.

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.