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

Viant Technology Inc. (NASDAQ:DSP) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.83.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Viant Technology in a report on Monday, May 20th.

Viant Technology Trading Up 3.2 %

Shares of DSP stock opened at $10.62 on Monday. The firm has a fifty day simple moving average of $9.56 and a two-hundred day simple moving average of $9.07. Viant Technology has a 12 month low of $4.36 and a 12 month high of $11.63. The firm has a market capitalization of $674.26 million, a PE ratio of -88.50 and a beta of 0.74.

Viant Technology (NASDAQ:DSP) last announced its earnings results 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, equities analysts predict that Viant Technology will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kennedy Capital Management LLC lifted its holdings in Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock valued at $458,000 after purchasing an additional 1,562 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Viant Technology by 4.4% during 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 in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Viant Technology by 379.0% during 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 in the last quarter. Quadrature Capital Ltd grew its stake in Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after buying an additional 20,668 shares in the last quarter. Finally, Heron Bay Capital Management bought a new stake in Viant Technology during the 1st quarter valued at $243,000. 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.