Viant Technology Inc. (NASDAQ:DSP) Receives $18.50 Consensus PT from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP) have received a consensus rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.50.

DSP has been the topic of a number of recent analyst reports. DA Davidson lifted their price target on shares of Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. B. Riley reiterated a “buy” rating and set a $16.50 target price (up from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a report on Wednesday, October 8th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th.

Insider Activity

In related news, CFO Larry Madden sold 13,477 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total value of $157,680.90. Following the sale, the chief financial officer directly owned 409,778 shares of the company’s stock, valued at approximately $4,794,402.60. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Capital V. Llc sold 15,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $11.74, for a total value of $176,100.00. Following the transaction, the insider owned 22,500 shares of the company’s stock, valued at approximately $264,150. This trade represents a 40.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,579 shares of company stock worth $616,874 over the last quarter. 29.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DSP. Farther Finance Advisors LLC bought a new position in shares of Viant Technology during the third quarter worth about $31,000. AlphaQuest LLC boosted its position 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 acquiring an additional 3,443 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Viant Technology by 433.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after acquiring an additional 6,454 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Viant Technology during the 2nd quarter worth approximately $75,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Viant Technology in the third quarter valued at approximately $100,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Trading Up 5.0%

Shares of DSP opened at $12.54 on Monday. The stock has a market cap of $782.87 million, a P/E ratio of 114.01 and a beta of 1.03. Viant Technology has a 1 year low of $8.11 and a 1 year high of $26.33. The stock’s 50-day moving average price is $11.23 and its two-hundred day moving average price is $10.78.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). The firm had revenue of $85.58 million during the quarter, compared to analyst estimates of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. As a group, equities analysts forecast that Viant Technology will post -0.39 EPS for the current year.

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.