Viant Technology Inc. (NASDAQ:DSP) Receives Average Recommendation of “Buy” from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP – Get Rating) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.75.

DSP has been the subject of several recent research reports. JMP Securities lowered their price target on shares of Viant Technology from $18.00 to $14.00 and set a “market outperform” rating for the company in a research report on Friday, March 11th. Canaccord Genuity Group decreased their target price on shares of Viant Technology from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Zacks Investment Research upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and set a $7.25 target price for the company in a research report on Monday, April 4th. Finally, Needham & Company LLC decreased their target price on shares of Viant Technology from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, March 11th.

Shares of NASDAQ:DSP traded down $0.10 on Monday, reaching $5.88. 463,016 shares of the company’s stock were exchanged, compared to its average volume of 239,194. Viant Technology has a fifty-two week low of $5.60 and a fifty-two week high of $36.46. The business’s 50-day moving average is $6.87 and its two-hundred day moving average is $8.76. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 0.06.

Viant Technology (NASDAQ:DSP – Get Rating) last released its quarterly earnings results on Thursday, March 10th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.12. The business had revenue of $48.48 million during the quarter, compared to analyst estimates of $49.00 million. Viant Technology had a negative net margin of 3.45% and a negative return on equity of 14.21%. During the same quarter in the prior year, the firm earned $12.86 earnings per share. Equities analysts anticipate that Viant Technology will post -0.14 EPS for the current year.

In other Viant Technology news, CFO Larry Madden sold 21,628 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $6.08, for a total value of $131,498.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of DSP. Point72 Hong Kong Ltd bought a new position in shares of Viant Technology in the third quarter valued at approximately $28,000. Citigroup Inc. increased its holdings in Viant Technology by 136.7% in the 4th quarter. Citigroup Inc. now owns 2,982 shares of the company’s stock valued at $29,000 after buying an additional 1,722 shares during the period. Two Sigma Advisers LP bought a new stake in Viant Technology in the 3rd quarter valued at $153,000. Goldman Sachs Group Inc. acquired a new stake in shares of Viant Technology in the 3rd quarter valued at $157,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Viant Technology by 101.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,221 shares of the company’s stock valued at $162,000 after purchasing an additional 6,642 shares in the last quarter. Hedge funds and other institutional investors own 14.55% of the company’s stock.

About Viant Technology (Get Rating)

Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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