Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $14.00

Viant Technology Inc. (NASDAQ:DSPGet Rating) has earned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.00.

DSP has been the topic of several research reports. 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. Canaccord Genuity Group reduced their price target on Viant Technology from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, May 4th. Finally, JMP Securities reduced their price target on Viant Technology from $13.00 to $11.00 and set a “market outperform” rating for the company in a research report on Thursday, June 30th.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds and other institutional investors have recently modified their holdings of DSP. Allspring Global Investments Holdings LLC purchased a new position in shares of Viant Technology in the 4th quarter worth about $1,162,000. Qube Research & Technologies Ltd boosted its holdings in shares of Viant Technology by 153.6% in the 4th quarter. Qube Research & Technologies Ltd now owns 29,638 shares of the company’s stock worth $288,000 after purchasing an additional 17,949 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Viant Technology by 20.0% in the 4th quarter. First Trust Advisors LP now owns 21,872 shares of the company’s stock worth $212,000 after purchasing an additional 3,645 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Viant Technology in the 4th quarter worth about $1,737,000. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Viant Technology in the 4th quarter worth about $432,000. 14.52% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Performance

Shares of Viant Technology stock opened at $5.37 on Wednesday. The business’s fifty day simple moving average is $5.50 and its 200 day simple moving average is $6.35. The firm has a market capitalization of $326.62 million, a P/E ratio of -8.39 and a beta of 0.09. Viant Technology has a 12 month low of $4.59 and a 12 month high of $18.56. The company has a current ratio of 4.41, a quick ratio of 4.41 and a debt-to-equity ratio of 0.06.

Viant Technology (NASDAQ:DSPGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). The business had revenue of $27.54 million for the quarter, compared to the consensus estimate of $27.30 million. Viant Technology had a negative return on equity of 14.04% and a negative net margin of 3.46%. During the same quarter last year, the business posted ($0.27) earnings per share. As a group, analysts anticipate that Viant Technology will post -0.26 EPS for the current year.

About Viant Technology

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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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