Viant Technology (NASDAQ:DSP) Announces Earnings Results, Beats Expectations By $0.08 EPS

Viant Technology (NASDAQ:DSP) posted its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08, FiscalAI reports. Viant Technology had a net margin of 2.24% and a return on equity of 4.23%. The firm had revenue of $110.43 million during the quarter, compared to the consensus estimate of $66.16 million.

Viant Technology Stock Up 9.3%

Shares of NASDAQ DSP traded up $1.19 during trading on Monday, reaching $14.04. 366,865 shares of the stock were exchanged, compared to its average volume of 293,358. The company has a market capitalization of $933.31 million, a price-to-earnings ratio of 45.29 and a beta of 1.16. The business’s 50-day moving average price is $12.84 and its 200 day moving average price is $11.79. Viant Technology has a twelve month low of $8.56 and a twelve month high of $14.80.

Insiders Place Their Bets

In related news, CFO Larry Madden sold 20,711 shares of Viant Technology stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $13.14, for a total transaction of $272,142.54. Following the sale, the chief financial officer owned 322,000 shares of the company’s stock, valued at $4,231,080. The trade was a 6.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 79,806 shares of company stock worth $1,020,703. 29.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DSP shares. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. UBS Group lifted their target price on shares of Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. DA Davidson raised shares of Viant Technology to a “strong-buy” rating in a research report on Monday, October 5th. Finally, Weiss Ratings raised shares of Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Viant Technology currently has an average rating of “Buy” and an average target price of $18.33.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides software and services for planning, buying, and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase advertising across channels such as connected television, streaming video, display, mobile, audio, and digital out-of-home media.

The company’s solutions are designed to support automated, data-driven media buying, audience targeting, campaign optimization, and performance measurement.