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

Needham & Company LLC restated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report released on Wednesday, Benzinga reports. They currently have a $12.00 price objective on the stock.

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

Viant Technology Stock Up 3.3 %

DSP opened at $8.40 on Wednesday. Viant Technology has a 12-month low of $3.81 and a 12-month high of $11.63. The firm has a market capitalization of $527.77 million, a P/E ratio of -70.00 and a beta of 0.69. The stock’s 50 day moving average price is $9.59 and its two-hundred day moving average price is $7.83.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, March 4th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). Viant Technology had a negative return on equity of 6.41% and a negative net margin of 0.81%. The company had revenue of $42.60 million during the quarter, compared to analyst estimates of $42.10 million. As a group, analysts anticipate that Viant Technology will post -0.44 earnings per share for the current year.

Institutional Trading of Viant Technology

Several institutional investors have recently bought and sold shares of DSP. GSA Capital Partners LLP raised its stake in Viant Technology by 4.4% during the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after acquiring an additional 1,699 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of Viant Technology by 9.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock worth $410,000 after purchasing 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 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock worth $101,000 after purchasing an additional 11,768 shares in the last quarter. Jump Financial LLC bought a new position in Viant Technology during the 3rd quarter valued at about $69,000. Finally, Barclays PLC increased its holdings in shares of Viant Technology by 357.3% during the third quarter. Barclays PLC now owns 19,801 shares of the company’s stock worth $111,000 after buying an additional 15,471 shares in the last quarter. Institutional investors and hedge funds 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.