Viant Technology Inc. (NASDAQ:DSP) Receives Average Rating of “Moderate Buy” from Brokerages

Viant Technology Inc. (NASDAQ:DSP) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.83.

A number of equities analysts have recently commented on DSP shares. Craig Hallum boosted their price target on Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Raymond James boosted their price target on Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. UBS Group upped 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. Needham & Company LLC upped their target price on Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Canaccord Genuity Group upped their target price on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, March 5th.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently made changes to their positions in DSP. EAM Investors LLC bought a new stake in shares of Viant Technology in the 3rd quarter valued at about $1,354,000. Quadrature Capital Ltd grew its position in shares of Viant Technology by 509.4% in the 3rd quarter. Quadrature Capital Ltd now owns 88,019 shares of the company’s stock valued at $491,000 after buying an additional 73,576 shares during the last quarter. G2 Investment Partners Management LLC grew its position in shares of Viant Technology by 11.6% in the 4th quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock valued at $2,969,000 after buying an additional 44,779 shares during the last quarter. Bailard Inc. bought a new stake in shares of Viant Technology in the 4th quarter valued at about $260,000. Finally, Potomac Capital Management Inc. grew its position in shares of Viant Technology by 12.4% in the 3rd quarter. Potomac Capital Management Inc. now owns 302,648 shares of the company’s stock valued at $1,695,000 after buying an additional 33,486 shares during the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Performance

Viant Technology stock opened at $9.04 on Wednesday. Viant Technology has a 52 week low of $3.75 and a 52 week high of $11.63. The stock has a market capitalization of $567.98 million, a P/E ratio of -39.30 and a beta of 0.63. The stock has a fifty day moving average of $9.59 and a 200-day moving average of $7.70.

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

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.