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

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several equities analysts recently weighed in on DSP shares. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, November 11th. DA Davidson boosted their price objective on Viant Technology from $15.00 to $15.50 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Citizens Jmp lowered their target price on Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 11th. Finally, B. Riley reiterated a “buy” rating and set a $16.50 target price (up from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th.

Viant Technology Stock Up 5.0%

Shares of DSP opened at $12.54 on Monday. The firm has a market cap of $782.87 million, a PE ratio of 114.01 and a beta of 1.03. The company’s fifty day moving average is $11.23 and its two-hundred day moving average is $10.82. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $26.33.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings data on Monday, November 10th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%.The firm had revenue of $85.58 million for the quarter, compared to analyst estimates of $85.54 million. As a group, equities research analysts anticipate that Viant Technology will post -0.39 earnings per share for the current year.

Insider Activity

In other news, CFO Larry Madden sold 13,477 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total transaction of $157,680.90. Following the transaction, the chief financial officer directly owned 409,778 shares of the company’s stock, valued at approximately $4,794,402.60. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Christopher Vanderhook sold 2,500 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $11.79, for a total transaction of $29,475.00. The SEC filing for this sale provides additional information. Insiders have sold 52,579 shares of company stock worth $616,874 over the last 90 days. Company insiders own 29.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in Viant Technology during the 3rd quarter valued at approximately $31,000. AlphaQuest LLC grew its position in shares of Viant Technology by 287.6% during the second quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock worth $61,000 after buying an additional 3,443 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock worth $69,000 after buying an additional 6,454 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Viant Technology in the second quarter worth $75,000. Finally, Franklin Resources Inc. acquired a new stake in Viant Technology in the third quarter valued at $100,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.