Viant Technology (NASDAQ:DSP) Trading Up 4.7%

Viant Technology Inc. (NASDAQ:DSP) shares traded up 4.7% on Monday . The company traded as high as $8.74 and last traded at $8.72. 33,199 shares changed hands during trading, a decline of 74% from the average session volume of 125,426 shares. The stock had previously closed at $8.33.

Analyst Upgrades and Downgrades

Several 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 research note on Wednesday, January 24th. Canaccord Genuity Group raised their price objective on Viant Technology from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. UBS Group boosted their target price on Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Craig Hallum raised their price target on Viant Technology from $8.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Needham & Company LLC raised their target price on shares of Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.83.

Viant Technology Price Performance

The company’s 50 day moving average is $9.58 and its 200 day moving average is $7.76.

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

Hedge Funds Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jump Financial LLC bought a new position in shares of Viant Technology in the 3rd quarter valued at $69,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Viant Technology by 185.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock valued at $101,000 after purchasing an additional 11,768 shares in the last quarter. Barclays PLC grew its holdings in shares of Viant Technology by 357.3% during the third 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. Bailard Inc. acquired a new position in shares of Viant Technology in the fourth quarter valued at approximately $260,000. Finally, Thompson Siegel & Walmsley LLC increased its position in Viant Technology by 9.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock valued at $410,000 after acquiring an additional 6,232 shares during the period. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

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.