Viant Technology (NASDAQ:DSP) Price Target Raised to $18.00 at Needham & Company LLC

Viant Technology (NASDAQ:DSP) had its price target boosted by investment analysts at Needham & Company LLC from $12.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 16.88% from the company’s current price.

A number of other equities research analysts have also commented on the company. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $18.00 in a research report on Wednesday. JMP Securities boosted their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their price target for the company from $13.00 to $18.00 in a report on Wednesday. Finally, Craig Hallum boosted their price target on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology has an average rating of “Buy” and an average price target of $15.86.

Viant Technology Stock Performance

DSP opened at $15.40 on Wednesday. The company has a market capitalization of $973.28 million, a PE ratio of 256.71 and a beta of 0.72. The stock’s fifty day moving average is $11.45 and its 200-day moving average is $10.50. Viant Technology has a one year low of $5.36 and a one year high of $16.97.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Viant Technology had a negative return on equity of 5.69% and a net margin of 0.47%. The business had revenue of $41.56 million during the quarter, compared to the consensus estimate of $41.10 million. On average, equities research analysts forecast that Viant Technology will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total transaction of $34,078.20. Following the completion of the transaction, the chief financial officer now owns 538,434 shares of the company’s stock, valued at $5,949,695.70. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 10,419 shares of company stock valued at $116,647 over the last 90 days. 28.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently bought and sold shares of DSP. Segall Bryant & Hamill LLC increased its stake in Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after acquiring an additional 2,915 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Viant Technology by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock valued at $1,769,000 after purchasing an additional 6,064 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares during the period. ClariVest Asset Management LLC acquired a new position in Viant Technology during the second quarter worth $1,387,000. Finally, Quadrature Capital Ltd lifted its holdings in shares of Viant Technology by 39.0% during the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after acquiring an additional 20,668 shares during the period. Institutional investors 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.