Viant Technology (NASDAQ:DSP) Sees Large Volume Increase

Viant Technology Inc. (NASDAQ:DSP) shares saw strong trading volume on Friday . 162,525 shares changed hands during trading, an increase of 18% from the previous session’s volume of 137,824 shares.The stock last traded at $10.05 and had previously closed at $9.72.

Analyst Upgrades and Downgrades

DSP has been the topic of several research analyst reports. Craig Hallum boosted their target price on shares of Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Raymond James upped their target price on shares of Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. UBS Group lifted their price target 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. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a report on Wednesday, May 1st. Finally, Canaccord Genuity Group lifted their price objective on Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.83.

Viant Technology Stock Performance

The stock’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $8.06.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings data on Monday, March 4th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $42.60 million for the quarter, compared to analysts’ expectations of $42.10 million. As a group, research analysts predict that Viant Technology Inc. will post -0.34 earnings per share for the current year.

Institutional Trading of Viant Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in shares of Viant Technology during the 3rd quarter valued at $69,000. Allspring Global Investments Holdings LLC lifted its holdings in Viant Technology by 185.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock worth $101,000 after buying an additional 11,768 shares in the last quarter. Acadian Asset Management LLC lifted 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 worth $198,000 after buying an additional 14,835 shares in the last quarter. Barclays PLC lifted its holdings in Viant Technology by 357.3% in the 3rd 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. Finally, Heron Bay Capital Management acquired a new position in Viant Technology in the 1st quarter worth $243,000. 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.