Viant Technology (NASDAQ:DSP) Receives “Buy” Rating from B. Riley

B. Riley restated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research note published on Tuesday morning,Benzinga reports. They currently have a $16.50 price target on the stock, up from their previous price target of $14.50.

Several other research analysts also recently issued reports on the company. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, October 8th. Citizens Jmp decreased their price target on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating on the stock in a report on Tuesday. JMP Securities lowered their price objective 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 target price on shares of Viant Technology in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $19.18.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $10.48 on Tuesday. The business has a fifty day moving average of $8.99 and a 200-day moving average of $11.67. Viant Technology has a twelve month low of $8.11 and a twelve month high of $26.33. The firm has a market cap of $659.72 million, a PE ratio of 95.28 and a beta of 1.07.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). The company had revenue of $85.58 million for the quarter, compared to the consensus estimate of $85.54 million. Viant Technology had a negative return on equity of 4.98% and a net margin of 0.57%. Viant Technology has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Viant Technology will post -0.39 EPS for the current fiscal year.

Insider Activity at Viant Technology

In other news, COO Christopher Vanderhook sold 8,782 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer owned 356,284 shares of the company’s stock, valued at $3,466,643.32. The trade was a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Larry Madden sold 13,006 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $126,548.38. Following the completion of the sale, the chief financial officer owned 423,255 shares of the company’s stock, valued at approximately $4,118,271.15. This represents a 2.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 28.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSP. Farther Finance Advisors LLC bought a new stake in shares of Viant Technology in the third quarter worth about $31,000. AlphaQuest LLC increased its stake in Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after purchasing an additional 3,443 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Viant Technology during the 2nd quarter worth approximately $75,000. Corton Capital Inc. acquired a new stake in Viant Technology during the 2nd quarter worth approximately $150,000. Finally, Envestnet Asset Management Inc. bought a new position in Viant Technology in the second quarter valued at approximately $166,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Company Profile

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.