Viant Technology Inc. (NASDAQ:DSP) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $18.00.

DSP has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Viant Technology from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial upped their price target on shares of Viant Technology from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. DA Davidson increased their price objective on shares of Viant Technology from $16.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Freedom Capital raised shares of Viant Technology to a “strong-buy” rating in a research report on Tuesday, March 10th.

Viant Technology Price Performance

NASDAQ DSP opened at $12.96 on Monday. Viant Technology has a one year low of $8.11 and a one year high of $15.18. The firm has a market cap of $849.27 million, a P/E ratio of 36.00 and a beta of 1.03. The stock’s 50-day moving average is $11.49 and its 200-day moving average is $11.26.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.11). Viant Technology had a net margin of 2.51% and a return on equity of 2.40%. The business had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. Equities analysts anticipate that Viant Technology will post -0.18 EPS for the current year.

Insider Transactions at Viant Technology

In related news, major shareholder Capital V. Llc sold 15,000 shares of Viant Technology stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $11.12, for a total value of $166,800.00. Following the sale, the insider owned 22,500 shares of the company’s stock, valued at approximately $250,200. This trade represents a 40.00% decrease in their position. The sale was disclosed in a 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, CFO Larry Madden sold 25,376 shares of Viant Technology stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $11.10, for a total value of $281,673.60. Following the completion of the sale, the chief financial officer directly owned 459,155 shares in the company, valued at approximately $5,096,620.50. This represents a 5.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 259,683 shares of company stock valued at $2,910,296. 29.43% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

A number of institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC bought a new position in Viant Technology in the third quarter valued at $2,150,000. Tudor Investment Corp ET AL increased its stake in Viant Technology by 39.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after buying an additional 54,507 shares during the last quarter. Norwood Investment Partners LP acquired a new stake in Viant Technology in the 4th quarter valued at $1,186,000. Dynamic Technology Lab Private Ltd lifted its position in Viant Technology by 474.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 70,533 shares of the company’s stock worth $609,000 after buying an additional 58,251 shares in the last quarter. Finally, Royce & Associates LP lifted its position in Viant Technology by 72.3% during the 4th quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after buying an additional 382,664 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

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.