Viant Technology (NASDAQ:DSP) Shares Gap Down to $32.91

Viant Technology Inc. (NASDAQ:DSP)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $32.91, but opened at $31.72. Viant Technology shares last traded at $29.33, with a volume of 2,630 shares changing hands.

Several equities research analysts recently commented on DSP shares. Zacks Investment Research downgraded Viant Technology from a “hold” rating to a “sell” rating in a report on Monday. Needham & Company LLC increased their price objective on Viant Technology from $50.00 to $62.00 and gave the company a “buy” rating in a report on Monday, March 29th. JMP Securities began coverage on Viant Technology in a research note on Monday, March 15th. They set a “market perform” rating on the stock. Canaccord Genuity lifted their target price on Viant Technology from $52.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, March 29th. Finally, Raymond James initiated coverage on Viant Technology in a report on Monday, March 15th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $57.33.

The firm’s fifty day simple moving average is $39.86.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Sunday, March 21st. The company reported $12.86 EPS for the quarter, beating the consensus estimate of $10.52 by $2.34. The company had revenue of $39.14 million for the quarter, compared to analysts’ expectations of $38.40 million.

Large investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in Viant Technology in the first quarter worth about $137,000. Golden Green Inc. bought a new stake in Viant Technology during the first quarter worth about $278,000. The Manufacturers Life Insurance Company bought a new stake in Viant Technology during the first quarter worth about $322,000. American International Group Inc. bought a new stake in shares of Viant Technology during the first quarter valued at approximately $331,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Viant Technology during the first quarter valued at approximately $347,000.

About Viant Technology (NASDAQ:DSP)

Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels. The company also offers cloud-based self-service portal that provides customers with transparency and control over their advertising campaigns and underlying data infrastructure; omnichannel demand side platform for ad buyers to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; and Data lake, a software and self-service enables customers with differentiated insights, including foot-traffic data reports, multi-touch attribution, and ROAS analytics.

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