Viant Technology Inc. (NASDAQ:DSP) Receives $10.83 Average Target Price from Brokerages

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

Several equities research analysts have commented on DSP shares. Craig Hallum boosted their price objective on Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group increased their price objective on Viant Technology from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price objective on shares of Viant Technology in a report on Monday. Finally, UBS Group upped their target price 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.

Viant Technology Price Performance

Shares of NASDAQ:DSP opened at $9.23 on Friday. The firm has a market capitalization of $586.01 million, a price-to-earnings ratio of -76.92 and a beta of 0.69. The business’s 50 day moving average price is $9.47 and its 200-day moving average price is $8.21. Viant Technology has a 1 year low of $4.10 and a 1 year high of $11.63.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.07). The company had revenue of $34.12 million for the quarter, compared to analysts’ expectations of $34.10 million. Viant Technology had a negative net margin of 0.81% and a negative return on equity of 6.41%. On average, sell-side analysts expect that Viant Technology will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently bought and sold shares of the company. Kennedy Capital Management LLC increased its position in shares of Viant Technology by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares during the last quarter. GSA Capital Partners LLP boosted 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 buying an additional 1,699 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of Viant Technology by 9.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock valued at $410,000 after acquiring an additional 6,232 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Viant Technology by 185.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock valued at $101,000 after acquiring an additional 11,768 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of Viant Technology in the 3rd quarter worth approximately $69,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.