Viant Technology (NASDAQ:DSP) PT Raised to $13.00

Viant Technology (NASDAQ:DSP) had its target price raised by equities research analysts at Canaccord Genuity Group from $11.00 to $13.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 9.70% from the stock’s current price.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of Viant Technology in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Viant Technology presently has a consensus rating of “Moderate Buy” and an average price target of $12.20.

Viant Technology Stock Down 0.4 %

Shares of DSP stock opened at $11.85 on Friday. The company’s fifty day simple moving average is $10.81 and its 200-day simple moving average is $10.12. The firm has a market cap of $752.42 million, a PE ratio of -98.75 and a beta of 0.74. Viant Technology has a 12 month low of $4.98 and a 12 month high of $12.36.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. The business had revenue of $41.56 million during the quarter, compared to the consensus estimate of $41.10 million. On average, equities analysts predict that Viant Technology will post -0.37 earnings per share for the current fiscal year.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64. Following the sale, the chief financial officer now directly owns 529,848 shares in the company, valued at $5,950,193.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 8,921 shares of company stock worth $99,315. Corporate insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds have recently made changes to their positions in DSP. Allspring Global Investments Holdings LLC bought a new position in Viant Technology in the 2nd quarter valued at approximately $47,000. Ashton Thomas Private Wealth LLC bought a new position in Viant Technology during the 2nd quarter worth approximately $84,000. Summit Global Investments bought a new position in Viant Technology during the 2nd quarter worth approximately $111,000. Mackenzie Financial Corp bought a new position in Viant Technology during the 2nd quarter worth approximately $112,000. Finally, Algert Global LLC bought a new position in Viant Technology during the 2nd quarter worth approximately $128,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

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.