Viant Technology (NASDAQ:DSP) Receives “Buy” Rating from DA Davidson

DA Davidson reaffirmed their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report published on Thursday morning,Benzinga reports. They currently have a $15.50 price target on the stock.

Several other equities analysts have also recently commented on DSP. Loop Capital set a $14.50 target price on shares of Viant Technology in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Viant Technology in a research report on Wednesday, January 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $20.00 price objective on shares of Viant Technology in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $18.13.

Viant Technology Trading Up 13.6%

DSP opened at $12.60 on Thursday. The business has a 50 day moving average of $10.98 and a 200-day moving average of $10.29. The stock has a market capitalization of $786.62 million, a price-to-earnings ratio of 39.38 and a beta of 1.05. Viant Technology has a 1-year low of $8.11 and a 1-year high of $16.25.

Insider Buying and Selling

In other Viant Technology news, COO Christopher Vanderhook sold 9,102 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total value of $106,493.40. Following the sale, the chief operating officer owned 347,182 shares of the company’s stock, valued at $4,062,029.40. The trade was a 2.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Capital V. Llc sold 15,000 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total transaction of $176,100.00. Following the completion of the transaction, the insider owned 22,500 shares of the company’s stock, valued at approximately $264,150. This represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 155,123 shares of company stock valued at $1,729,594 over the last ninety days. 29.40% of the stock is owned by company insiders.

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in Viant Technology by 2.4% in the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after purchasing an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Viant Technology by 4.3% during the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after purchasing an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares during the period. Strs Ohio grew its stake in shares of Viant Technology by 4.5% in the 3rd quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after purchasing an additional 1,700 shares during the period. Finally, CWM LLC raised its holdings in shares of Viant Technology by 431.0% in the 4th quarter. CWM LLC now owns 2,793 shares of the company’s stock worth $34,000 after buying an additional 2,267 shares in the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology News Roundup

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Multiple brokerages reaffirmed “buy” ratings and raised price targets, signaling renewed analyst conviction (Rosenblatt to $20 PT, B. Riley to $17 PT, DA Davidson to $15.50 PT). These notes support upside expectations and likely helped share gains. Benzinga TickerReport
• Positive Sentiment: Viant reported Q4 revenue of $110.12M, above consensus (~$103.4M), and issued Q1 revenue guidance of $83.0M–$86.0M (above the ~$81.6M consensus), which supports near-term top-line momentum. Press Release
• Positive Sentiment: Freedom Capital Markets initiated coverage with a buy recommendation, adding incremental institutional attention that can buoy demand for the shares. MSN
• Neutral Sentiment: Company commentary and the earnings call emphasize “record” Q4 results and an opportunity to accelerate growth; read the transcript and highlights for management’s color on AI product adoption and client trends. Yahoo Finance Seeking Alpha
• Neutral Sentiment: The company released its full earnings release and slide deck; slides may contain additional bookings/seasonality detail that will matter to quarterly cadence. Slide Deck BusinessWire
• Negative Sentiment: EPS came in at $0.22 vs. consensus $0.23 (miss by $0.01). Combined with a very low net margin and negative ROE, profitability concerns remain a watch item that could cap multiple expansion until margins improve. Zacks

About Viant Technology

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.