Viant Technology’s (DSP) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report published on Monday, Benzinga reports. The firm currently has a $12.00 price target on the stock.

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

Viant Technology Price Performance

Shares of NASDAQ DSP opened at $9.56 on Monday. Viant Technology has a 1 year low of $4.10 and a 1 year high of $11.63. The firm has a market cap of $606.96 million, a PE ratio of -79.67 and a beta of 0.69. The company has a 50 day simple moving average of $9.49 and a 200 day simple moving average of $8.20.

Viant Technology (NASDAQ:DSP) last announced its earnings results on Tuesday, April 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.07). Viant Technology had a negative return on equity of 6.41% and a negative net margin of 0.81%. The company had revenue of $34.12 million for the quarter, compared to the consensus estimate of $34.10 million. As a group, research analysts anticipate that Viant Technology will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC lifted its holdings in shares of Viant Technology by 3.8% in the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of Viant Technology by 4.4% in the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock valued at $431,000 after buying an additional 1,699 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Viant Technology by 9.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock valued at $410,000 after buying an additional 6,232 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position 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 worth $101,000 after acquiring an additional 11,768 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Viant Technology in the 3rd quarter worth about $69,000. Institutional investors own 11.38% of the company’s stock.

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.