Viant Technology (NASDAQ:DSP) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research note issued to investors on Monday, Benzinga reports. Needham & Company LLC currently has a $12.00 price objective on the stock.

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

Viant Technology Trading Down 3.5 %

Viant Technology stock opened at $9.23 on Monday. The company has a market cap of $586.01 million, a P/E ratio of -76.92 and a beta of 0.69. Viant Technology has a 1-year low of $4.10 and a 1-year high of $11.63. The company has a fifty day simple moving average of $9.47 and a 200 day simple moving average of $8.21.

Viant Technology (NASDAQ:DSP) last released its earnings results on Tuesday, April 30th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.07). The business had revenue of $34.12 million during the quarter, compared to the consensus estimate 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, equities research analysts forecast that Viant Technology will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds have recently bought and sold shares of the business. Kennedy Capital Management LLC increased its position in Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after acquiring an additional 1,562 shares during the period. Quadrature Capital Ltd increased its position in Viant Technology by 39.0% during the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after acquiring an additional 20,668 shares during the period. Heron Bay Capital Management bought a new position in Viant Technology during the first quarter worth about $243,000. Acadian Asset Management LLC increased its holdings in Viant Technology by 379.0% in the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after buying an additional 14,835 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in Viant Technology by 4.4% in the 1st quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock valued at $431,000 after buying an additional 1,699 shares during the period. 11.38% of the stock is owned by 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.