Viant Technology (NASDAQ:DSP) Trading 4.3% Higher – What’s Next?

Viant Technology Inc. (NASDAQ:DSP)’s stock price traded up 4.3% during trading on Friday . The stock traded as high as $16.15 and last traded at $16.06. 170,834 shares were traded during trading, an increase of 37% from the average session volume of 124,751 shares. The stock had previously closed at $15.40.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DSP shares. Needham & Company LLC increased their price target on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $18.00 in a research report on Wednesday. JMP Securities boosted their target price on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday. Craig Hallum boosted their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $18.00 in a report on Wednesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology has a consensus rating of “Buy” and an average price target of $15.86.

Viant Technology Trading Up 4.1 %

The business has a 50 day simple moving average of $11.55 and a two-hundred day simple moving average of $10.53. The company has a market cap of $1.01 billion, a PE ratio of 262.00 and a beta of 0.72.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Viant Technology had a negative return on equity of 5.69% and a net margin of 0.47%. The company had revenue of $41.56 million for the quarter, compared to the consensus estimate of $41.10 million. On average, equities research analysts expect that Viant Technology Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the transaction, the chief financial officer now directly owns 529,848 shares in the company, valued at $5,950,193.04. This trade represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 10,419 shares of company stock worth $116,647 over the last 90 days. 28.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

Several institutional investors and hedge funds have recently bought and sold shares of DSP. Acadian Asset Management LLC increased its stake in shares of Viant Technology by 379.0% in the first quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after buying an additional 14,835 shares in the last quarter. Heron Bay Capital Management bought a new position in shares of Viant Technology in the 1st quarter valued at about $243,000. Quadrature Capital Ltd boosted its stake in shares of Viant Technology by 39.0% during the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after acquiring an additional 20,668 shares during the period. Kennedy Capital Management LLC lifted its position in Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Summit Global Investments acquired a new position in Viant Technology in the 2nd quarter valued at $111,000. 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.