Viant Technology (NASDAQ:DSP) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report published on Wednesday morning, Benzinga reports. They currently have a $12.00 target price on the stock.

Several other equities analysts have also recently weighed in on DSP. Canaccord Genuity Group increased their price target on Viant Technology from $8.00 to $10.00 and gave the company a hold rating in a report on Tuesday, March 5th. Raymond James increased their target price on Viant Technology from $7.00 to $10.00 and gave the company an outperform rating in a report on Wednesday, January 24th. Craig Hallum boosted their price target on Viant Technology from $8.00 to $14.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Finally, UBS Group increased their price objective on shares of Viant Technology from $8.00 to $12.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $10.83.

Viant Technology Stock Down 7.5 %

Viant Technology stock opened at $8.13 on Wednesday. Viant Technology has a one year low of $3.75 and a one year high of $11.63. The business’s fifty day moving average is $9.58 and its 200 day moving average is $7.81.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings results on Monday, March 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). Viant Technology had a negative net margin of 0.81% and a negative return on equity of 6.42%. The company had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $42.10 million. As a group, research analysts anticipate that Viant Technology will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DSP. Allspring Global Investments Holdings LLC lifted its stake in shares of Viant Technology by 185.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock valued at $101,000 after buying an additional 11,768 shares in the last quarter. Jump Financial LLC bought a new stake in Viant Technology during the third quarter valued at about $69,000. Barclays PLC raised its holdings in Viant Technology by 357.3% during the third quarter. Barclays PLC now owns 19,801 shares of the company’s stock valued at $111,000 after acquiring an additional 15,471 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of Viant Technology by 9.3% in the third 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 in the last quarter. Finally, EAM Investors LLC bought a new position in shares of Viant Technology in the third quarter worth about $1,354,000. 11.38% of the stock is currently owned by institutional investors.

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.