Viant Technology (NASDAQ:DSP) PT Raised to $13.00

Viant Technology (NASDAQ:DSP) had its price target raised by equities research analysts at Canaccord Genuity Group from $11.00 to $13.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 9.70% from the stock’s current price.

Separately, Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of Viant Technology in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Viant Technology Stock Performance

DSP opened at $11.85 on Friday. The firm has a market cap of $752.42 million, a P/E ratio of -98.75 and a beta of 0.74. The firm has a 50-day moving average of $10.81 and a 200 day moving average of $10.12. Viant Technology has a fifty-two week low of $4.98 and a fifty-two week high of $12.36.

Viant Technology (NASDAQ:DSP) last issued its earnings results on Monday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The business had revenue of $41.56 million for the quarter, compared to the consensus estimate of $41.10 million. Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. Equities research analysts predict that Viant Technology will post -0.37 earnings per share for the current fiscal year.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 3,084 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the sale, the chief financial officer now directly owns 538,434 shares of the company’s stock, valued at $5,949,695.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 8,921 shares of company stock valued at $99,315 over the last three months. 28.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Federated Hermes Inc. raised its stake in shares of Viant Technology by 5,286.9% during the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after acquiring an additional 66,509 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after buying an additional 20,668 shares during the period. ClariVest Asset Management LLC purchased a new position in shares of Viant Technology in the second quarter worth $1,387,000. Acadian Asset Management LLC increased its stake in shares of Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Viant Technology by 4.4% in the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after buying an additional 1,699 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.