Viant Technology (NASDAQ:DSP) Price Target Raised to $17.00

Viant Technology (NASDAQ:DSP) had its target price upped by Citizens Jmp from $16.00 to $17.00 in a report published on Tuesday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other research firms also recently issued reports on DSP. Rosenblatt Securities lifted their price objective on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday. B. Riley Financial lifted their price target on shares of Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings raised shares of Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $18.33.

Viant Technology Price Performance

NASDAQ:DSP opened at $12.98 on Tuesday. The firm has a 50-day moving average of $12.05 and a two-hundred day moving average of $11.33. The stock has a market cap of $862.78 million, a P/E ratio of 41.87 and a beta of 1.08. Viant Technology has a 1-year low of $8.11 and a 1-year high of $14.80.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). The business had revenue of $88.54 million for the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a return on equity of 4.38% and a net margin of 2.24%. As a group, equities analysts expect that Viant Technology will post -0.19 earnings per share for the current year.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 27,451 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total value of $358,510.06. Following the completion of the sale, the chief financial officer directly owned 398,371 shares in the company, valued at approximately $5,202,725.26. The trade was a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 7,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $10.96, for a total value of $82,200.00. Following the completion of the sale, the insider owned 37,500 shares of the company’s stock, valued at $411,000. This trade represents a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 195,304 shares of company stock worth $2,306,406 over the last quarter. 29.43% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

Several institutional investors have recently added to or reduced their stakes in DSP. Russell Investments Group Ltd. raised its holdings in shares of Viant Technology by 86.9% during the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC lifted its position in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Viant Technology by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after buying an additional 1,855 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Viant Technology by 620.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company’s stock valued at $35,000 after buying an additional 2,483 shares during the period. Finally, State of Alaska Department of Revenue bought a new stake in shares of Viant Technology during the 4th quarter valued at about $64,000. Institutional investors own 11.38% of the company’s stock.

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.