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

Shares of Viant Technology Inc. (NASDAQ:DSPGet Rating) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $16.71.

Several research firms recently weighed in on DSP. Canaccord Genuity Group decreased their price target on Viant Technology from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 4th. JMP Securities reduced their target price on Viant Technology from $18.00 to $14.00 and set a “market outperform” rating on the stock in a research note on Friday, March 11th. UBS Group upgraded Viant Technology from a “neutral” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Monday, May 16th. Needham & Company LLC reduced their target price on Viant Technology from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 11th. Finally, Zacks Investment Research lowered Viant Technology from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th.

Shares of NASDAQ DSP traded up $0.19 during midday trading on Friday, reaching $5.50. 247 shares of the stock traded hands, compared to its average volume of 209,602. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.41 and a quick ratio of 4.41. The stock has a market capitalization of $334.53 million, a PE ratio of -8.30 and a beta of -0.24. Viant Technology has a one year low of $4.59 and a one year high of $36.46. The company’s 50 day moving average is $6.22 and its 200 day moving average is $7.94.

Viant Technology (NASDAQ:DSPGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). Viant Technology had a negative net margin of 3.46% and a negative return on equity of 14.04%. During the same period in the previous year, the business posted ($0.27) EPS. As a group, equities analysts forecast that Viant Technology will post -0.22 EPS for the current year.

In other news, CFO Larry Madden sold 21,628 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $6.08, for a total transaction of $131,498.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Several institutional investors have recently modified their holdings of DSP. Point72 Hong Kong Ltd purchased a new stake in Viant Technology during the third quarter valued at approximately $28,000. Citigroup Inc. lifted its position in Viant Technology by 136.7% during the fourth quarter. Citigroup Inc. now owns 2,982 shares of the company’s stock valued at $29,000 after acquiring an additional 1,722 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Viant Technology by 252.5% during the 1st 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 in the last quarter. Ergoteles LLC acquired a new position in Viant Technology during the 1st quarter valued at approximately $92,000. Finally, XTX Topco Ltd acquired a new position in Viant Technology during the 1st quarter valued at approximately $99,000. 14.52% of the stock is currently owned by hedge funds and other institutional investors.

About Viant Technology (Get Rating)

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, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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