Viant Technology Inc. (NASDAQ:DSP) Receives $10.83 Consensus Price Target from Analysts

Viant Technology Inc. (NASDAQ:DSP) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $10.83.

Several brokerages recently issued reports on DSP. Needham & Company LLC increased their price objective on Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. UBS Group raised their target price on Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Raymond James raised their target price on Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Canaccord Genuity Group lifted their price objective on Viant Technology from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Finally, Craig Hallum raised their target price on Viant Technology from $8.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th.

Viant Technology Price Performance

Shares of DSP stock opened at $8.33 on Wednesday. Viant Technology has a 1 year low of $3.75 and a 1 year high of $11.63. The stock’s 50 day simple moving average is $9.58 and its two-hundred day simple moving average is $7.73. The company has a market cap of $523.37 million, a PE ratio of -36.22 and a beta of 0.63.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of Viant Technology by 357.3% during the 3rd quarter. Barclays PLC now owns 19,801 shares of the company’s stock worth $111,000 after purchasing an additional 15,471 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Viant Technology during the 3rd quarter valued at approximately $69,000. Potomac Capital Management Inc. raised its position in shares of Viant Technology by 12.4% during the 3rd quarter. Potomac Capital Management Inc. now owns 302,648 shares of the company’s stock valued at $1,695,000 after buying an additional 33,486 shares during the period. EAM Investors LLC purchased a new stake in shares of Viant Technology during the 3rd quarter valued at approximately $1,354,000. Finally, Quadrature Capital Ltd raised its position in shares of Viant Technology by 509.4% during the 3rd quarter. Quadrature Capital Ltd now owns 88,019 shares of the company’s stock valued at $491,000 after buying an additional 73,576 shares during the period. 11.38% of the stock is currently owned by institutional investors and hedge funds.

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.