Viant Technology (NASDAQ:DSP) Stock Rated Buy in New Coverage at DA Davidson

Investment analysts at DA Davidson assumed coverage on shares of Viant Technology (NASDAQ:DSP – Get Free Report) in a report released on Tuesday, FinViz reports. The brokerage set a “buy” rating on the stock.

DSP has been the topic of several other research reports. Citigroup restated a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, August 11th. Citizens Jmp upped their target price on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Tuesday, August 11th. Rosenblatt Securities increased their target price on Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. UBS Group raised their price target on Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. One investment 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. According to data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus price target of $18.33.

Check Out Our Latest Report on DSP

Viant Technology Trading Down 20.9%

Shares of NASDAQ:DSP traded down $2.93 during midday trading on Tuesday, reaching $11.11. The company had a trading volume of 432,377 shares, compared to its average volume of 293,294. The stock has a market cap of $738.22 million, a P/E ratio of 36.29 and a beta of 1.16. The company’s 50 day moving average price is $12.86 and its 200 day moving average price is $11.80. Viant Technology has a 52-week low of $8.72 and a 52-week high of $14.80.

Viant Technology (NASDAQ:DSP – Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. The company had revenue of $110.43 million for the quarter, compared to analyst estimates of $66.16 million. Viant Technology had a net margin of 2.24% and a return on equity of 4.23%. Research analysts forecast that Viant Technology will post -0.59 EPS for the current fiscal year.

Insider Activity

In other news, CFO Larry Madden sold 20,711 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $13.14, for a total value of $272,142.54. Following the sale, the chief financial officer directly owned 322,000 shares of the company’s stock, valued at $4,231,080. The trade was a 6.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 52,355 shares of company stock worth $662,193 in the last ninety days. 29.43% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in DSP. Royce & Associates LP lifted its holdings in Viant Technology by 29.9% in the 3rd quarter. Royce & Associates LP now owns 1,392,004 shares of the company’s stock worth $17,136,000 after purchasing an additional 320,781 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after purchasing an additional 190,248 shares during the last quarter. Globeflex Capital L P bought a new position in shares of Viant Technology during the 2nd quarter worth approximately $1,316,000. Quantinno Capital Management LP raised its stake in Viant Technology by 81.6% in the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after buying an additional 28,052 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Viant Technology in the 3rd quarter valued at approximately $643,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology News Roundup

Here are the key news stories impacting Viant Technology this week:

About Viant Technology

(Get Free Report)

Viant Technology Inc is an advertising technology company that provides software and services for planning, buying, and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase advertising across channels such as connected television, streaming video, display, mobile, audio, and digital out-of-home media.

The company’s solutions are designed to support automated, data-driven media buying, audience targeting, campaign optimization, and performance measurement.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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