Viant Technology (NASDAQ:DSP) Shares Gap Down to $10.80

Viant Technology Inc. (NASDAQ:DSPGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $10.80, but opened at $10.30. Viant Technology shares last traded at $10.38, with a volume of 19,996 shares.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on DSP

Viant Technology Price Performance

The firm has a 50 day moving average price of $9.37 and a 200-day moving average price of $7.29.

Viant Technology (NASDAQ:DSPGet Free Report) last announced its quarterly earnings data 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 company had revenue of $42.60 million during the quarter, compared to analysts’ expectations 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

Several institutional investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its stake in Viant Technology by 179.2% in the first 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 during the last quarter. Wells Fargo & Company MN lifted its stake in Viant Technology by 112.3% in the second quarter. Wells Fargo & Company MN now owns 6,116 shares of the company’s stock valued at $28,000 after buying an additional 3,235 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Viant Technology by 91.4% in the second quarter. Royal Bank of Canada now owns 6,386 shares of the company’s stock valued at $29,000 after purchasing an additional 3,050 shares during the period. Advisor Group Holdings Inc. increased its holdings 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 valued at $36,000 after purchasing an additional 1,808 shares during the period. Finally, Barclays PLC increased its holdings in shares of Viant Technology by 67.1% in the first quarter. Barclays PLC now owns 8,887 shares of the company’s stock valued at $38,000 after purchasing an additional 3,570 shares during the period. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.