Viant Technology (NASDAQ:DSP) Shares Up 5.8%

Viant Technology Inc. (NASDAQ:DSP)’s stock price was up 5.8% during trading on Wednesday . The stock traded as high as $11.12 and last traded at $11.00. Approximately 110,065 shares traded hands during trading, a decline of 3% from the average daily volume of 113,405 shares. The stock had previously closed at $10.40.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DSP shares. Raymond James boosted their price objective on shares of Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Craig Hallum upped their price objective on shares of Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Needham & Company LLC raised their target price on Viant Technology from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. UBS Group raised their target price on shares of Viant Technology from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Canaccord Genuity Group lifted their price target on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.83.

Viant Technology Trading Up 6.6 %

The firm has a market capitalization of $696.77 million, a P/E ratio of -47.61 and a beta of 0.63. The stock has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $7.26.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Monday, March 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The business had revenue of $42.60 million for the quarter, compared to the consensus estimate of $42.10 million. Viant Technology had a negative net margin of 1.54% and a negative return on equity of 5.84%. As a group, sell-side analysts expect that Viant Technology Inc. will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSP. Advisor Group Holdings Inc. boosted its stake in shares of Viant Technology by 252.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock worth $36,000 after acquiring an additional 1,808 shares during the period. Wells Fargo & Company MN boosted its stake in Viant Technology by 112.3% in the 2nd quarter. Wells Fargo & Company MN now owns 6,116 shares of the company’s stock worth $28,000 after purchasing an additional 3,235 shares during the period. UBS Group AG grew its holdings in Viant Technology by 179.2% during the 1st quarter. UBS Group AG now owns 6,215 shares of the company’s stock valued at $27,000 after buying an additional 3,989 shares in the last quarter. Royal Bank of Canada increased its holdings in Viant Technology by 91.4% in the 2nd quarter. Royal Bank of Canada now owns 6,386 shares of the company’s stock valued at $29,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Viant Technology by 78.3% in the first quarter. Deutsche Bank AG now owns 8,796 shares of the company’s stock worth $38,000 after purchasing an additional 3,862 shares during the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

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.