Viant Technology (NASDAQ:DSP) Shares Gap Up to $10.17

Viant Technology Inc. (NASDAQ:DSP)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $10.17, but opened at $10.59. Viant Technology shares last traded at $10.26, with a volume of 26,576 shares.

Analysts Set New Price Targets

DSP has been the topic of a number of analyst reports. UBS Group upped their price objective on Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group upped their price objective on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Craig Hallum upped 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. Raymond James upped their price objective on Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Needham & Company LLC upped their price objective on Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Viant Technology has a consensus rating of “Moderate Buy” and a consensus price target of $10.83.

Viant Technology Price Performance

The business has a 50 day moving average of $9.10 and a two-hundred day moving average of $7.12.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, March 4th. The company reported ($0.28) earnings per share 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 business had revenue of $42.60 million during the quarter, compared to the consensus estimate of $42.10 million. On average, equities analysts expect that Viant Technology Inc. will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DSP. UBS Group AG raised its position in Viant Technology by 179.2% in the first quarter. UBS Group AG now owns 6,215 shares of the company’s stock valued at $27,000 after purchasing an additional 3,989 shares during the last quarter. Wells Fargo & Company MN raised its position in Viant Technology by 112.3% in the second quarter. Wells Fargo & Company MN now owns 6,116 shares of the company’s stock valued at $28,000 after purchasing an additional 3,235 shares during the last quarter. Royal Bank of Canada raised its position in Viant Technology by 91.4% in the second quarter. Royal Bank of Canada now owns 6,386 shares of the company’s stock valued at $29,000 after purchasing an additional 3,050 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Viant Technology by 252.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock valued at $36,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Barclays PLC raised its position in Viant Technology by 67.1% in the first quarter. Barclays PLC now owns 8,887 shares of the company’s stock valued at $38,000 after purchasing an additional 3,570 shares during the last quarter. Institutional investors 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.