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

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.4444.

Several research firms recently commented on DSP. Citizens Jmp lowered their target price on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 11th. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. JMP Securities cut their target price on shares of Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 12th. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, October 8th.

Insider Buying and Selling at Viant Technology

In related news, COO Christopher Vanderhook sold 8,782 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $9.73, for a total value of $85,448.86. Following the transaction, the chief operating officer owned 356,284 shares of the company’s stock, valued at $3,466,643.32. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Larry Madden sold 13,006 shares of the firm’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 $126,548.38. Following the completion of the sale, the chief financial officer owned 423,255 shares in the company, valued at approximately $4,118,271.15. This represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 29.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH purchased a new stake in Viant Technology during the second quarter worth approximately $8,443,000. Granite Investment Partners LLC acquired a new stake in Viant Technology during the second quarter worth approximately $7,239,000. Lord Abbett & CO. LLC purchased a new stake in shares of Viant Technology during the 1st quarter worth approximately $4,023,000. Punch & Associates Investment Management Inc. boosted its stake in Viant Technology by 37.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 989,771 shares of the company’s stock valued at $12,283,000 after acquiring an additional 267,326 shares in the last quarter. Finally, Topline Capital Management LLC purchased a new position in Viant Technology during the 3rd quarter worth approximately $2,150,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Up 3.2%

Shares of DSP opened at $10.79 on Friday. The company has a market cap of $673.87 million, a P/E ratio of 98.14 and a beta of 1.07. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $26.33. The firm’s 50 day moving average price is $9.10 and its 200 day moving average price is $11.30.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.03). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The business had revenue of $85.58 million during the quarter, compared to analyst estimates of $85.54 million. Viant Technology has set its Q4 2025 guidance at EPS. Research analysts forecast that Viant Technology will post -0.39 earnings per share for the current year.

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.