Viant Technology (NASDAQ:DSP) PT Raised to $13.00 at Canaccord Genuity Group

Viant Technology (NASDAQ:DSP - Get Free Report) had its price target increased by analysts at Canaccord Genuity Group from $11.00 to $13.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has a "hold" rating on the stock. Canaccord Genuity Group's target price suggests a potential upside of 9.70% from the company's previous close.

Separately, Needham & Company LLC restated a "buy" rating and set a $12.00 target price on shares of Viant Technology in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.20.

Viant Technology Stock Performance

Shares of NASDAQ DSP traded down $0.05 during mid-day trading on Friday, reaching $11.85. 69,089 shares of the company's stock were exchanged, compared to its average volume of 123,642. The firm has a market capitalization of $752.42 million, a price-to-earnings ratio of -98.75 and a beta of 0.74. Viant Technology has a 52-week low of $4.98 and a 52-week high of $12.36. The company's 50-day moving average is $10.81 and its 200-day moving average is $10.13.

Viant Technology (NASDAQ:DSP - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). The business had revenue of $41.56 million for the quarter, compared to analysts' expectations of $41.10 million. Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. As a group, equities analysts predict that Viant Technology will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the sale, the chief financial officer now owns 529,848 shares of the company's stock, valued at $5,950,193.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,921 shares of company stock valued at $99,315 in the last quarter. Corporate insiders own 28.80% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DSP. ClariVest Asset Management LLC purchased a new position in shares of Viant Technology in the 2nd quarter valued at approximately $1,387,000. Acadian Asset Management LLC grew its stake in shares of Viant Technology by 659.4% in the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company's stock valued at $1,403,000 after purchasing an additional 123,635 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company's stock valued at $669,000 after purchasing an additional 66,509 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Viant Technology in the 2nd quarter valued at approximately $236,000. Finally, Heron Bay Capital Management purchased a new position in shares of Viant Technology in the 1st quarter valued at approximately $243,000. Hedge funds and other institutional investors 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.