Viant Technology (DSP) to Release Earnings on Tuesday

Viant Technology (NASDAQ:DSP - Get Free Report) will announce its earnings results after the market closes on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Viant Technology has set its Q3 2024 guidance at EPS.Individual interested in listening to the company's earnings conference call can do so using this link.

Viant Technology (NASDAQ:DSP - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.10). The firm had revenue of $41.56 million during 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%. On average, analysts expect Viant Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Viant Technology Stock Performance

NASDAQ:DSP traded up $0.30 during mid-day trading on Tuesday, reaching $12.25. The stock had a trading volume of 89,806 shares, compared to its average volume of 119,958. The stock has a market capitalization of $774.20 million, a P/E ratio of -241.20 and a beta of 0.72. The firm has a 50 day moving average price of $11.07 and a two-hundred day moving average price of $10.27. Viant Technology has a one year low of $5.35 and a one year high of $12.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $12.00 price target on shares of Viant Technology in a report on Tuesday, August 13th. Canaccord Genuity Group boosted their price target on Viant Technology from $11.00 to $13.00 and gave the company a "hold" rating in a report on Friday, October 18th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Viant Technology presently has a consensus rating of "Moderate Buy" and an average price target of $12.20.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 2,768 shares of Viant Technology stock in a transaction on Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the transaction, the chief financial officer now directly owns 529,848 shares in the company, valued at approximately $5,950,193.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 10,419 shares of company stock valued at $116,647. Insiders own 28.80% 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.