Viant Technology (NASDAQ:DSP) Shares Gap Up to $10.17

Viant Technology Inc. (NASDAQ:DSP) gapped up before the market opened on Tuesday . The stock had previously closed at $10.17, but opened at $10.59. Viant Technology shares last traded at $10.26, with a volume of 26,576 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Raymond James boosted their target price on shares of Viant Technology from $7.00 to $10.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. UBS Group boosted their target price on shares of Viant Technology from $8.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Needham & Company LLC boosted their target price on shares of Viant Technology from $10.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Canaccord Genuity Group lifted their price target on shares of Viant Technology from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Finally, Craig Hallum lifted their price target on shares of Viant Technology from $8.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Viant Technology presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.83.

Viant Technology Price Performance

The firm’s fifty day moving average is $9.10 and its 200-day moving average is $7.12.

Viant Technology (NASDAQ:DSP) last issued its quarterly earnings results 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 net margin of 1.54% and a negative return on equity of 5.84%. The business had revenue of $42.60 million during the quarter, compared to analyst estimates of $42.10 million. Equities analysts predict that Viant Technology Inc. will post -0.44 EPS for the current fiscal year.

Institutional Trading of Viant Technology

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Viant Technology by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 813,961 shares of the company’s stock valued at $5,608,000 after buying an additional 23,636 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Viant Technology in the 4th quarter valued at about $267,000. Potomac Capital Management Inc. increased its holdings in shares of Viant Technology by 20.0% in the 4th quarter. Potomac Capital Management Inc. now owns 363,089 shares of the company’s stock valued at $2,502,000 after purchasing an additional 60,441 shares during the period. Barclays PLC increased its holdings in shares of Viant Technology by 88.3% in the 4th quarter. Barclays PLC now owns 37,279 shares of the company’s stock valued at $257,000 after purchasing an additional 17,478 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of Viant Technology by 23.6% in the 4th quarter. Nuveen Asset Management LLC now owns 32,951 shares of the company’s stock valued at $227,000 after purchasing an additional 6,285 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

About Viant Technology

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.