Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $10.83

Viant Technology Inc. (NASDAQ:DSP) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $10.83.

Several analysts have recently commented on the stock. Craig Hallum increased 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. UBS Group increased their price target on shares of Viant Technology from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Needham & Company LLC raised their target price on shares of Viant Technology from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Canaccord Genuity Group raised their target price on shares of Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Finally, Raymond James raised their target price on shares of Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th.

Viant Technology Trading Up 0.4 %

Shares of Viant Technology stock opened at $8.33 on Wednesday. Viant Technology has a 12-month low of $3.75 and a 12-month high of $11.63. The stock has a market cap of $523.37 million, a PE ratio of -36.22 and a beta of 0.63. The company has a 50-day moving average of $9.58 and a two-hundred day moving average of $7.73.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, March 4th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The business had revenue of $42.60 million during the quarter, compared to analyst estimates of $42.10 million. Viant Technology had a negative net margin of 1.54% and a negative return on equity of 5.84%. On average, sell-side analysts forecast that Viant Technology will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new position in Viant Technology in the 3rd quarter worth $69,000. Allspring Global Investments Holdings LLC increased its position in shares of Viant Technology by 185.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock worth $101,000 after purchasing an additional 11,768 shares during the last quarter. Barclays PLC increased its position in shares of Viant Technology by 357.3% in the 3rd quarter. Barclays PLC now owns 19,801 shares of the company’s stock worth $111,000 after purchasing an additional 15,471 shares during the last quarter. Bailard Inc. bought a new stake in shares of Viant Technology in the 4th quarter worth about $260,000. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Viant Technology by 9.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock worth $410,000 after purchasing an additional 6,232 shares during the last quarter. Institutional investors and hedge funds 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.