Viant Technology Inc. (NASDAQ:DSP) Receives $14.00 Consensus Price Target from Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have earned an average recommendation of "Buy" from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.86.

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and increased their price objective for the company from $13.00 to $18.00 in a research report on Wednesday. Needham & Company LLC raised their target price on shares of Viant Technology from $12.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday. Craig Hallum boosted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday. Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and increased their price objective for the company from $13.00 to $18.00 in a research note on Wednesday. Finally, JMP Securities lifted their price target on Viant Technology from $12.00 to $17.00 and gave the company a "market outperform" rating in a research note on Wednesday.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the sale, the chief financial officer now directly owns 538,434 shares in the company, valued at approximately $5,949,695.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 10,419 shares of company stock worth $116,647 in the last 90 days. Corporate insiders own 28.80% of the company's stock.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Viant Technology in the 2nd quarter worth about $47,000. FMR LLC increased its position in shares of Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after purchasing an additional 3,123 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology during the 2nd quarter valued at $84,000. Summit Global Investments purchased a new position in shares of Viant Technology in the 2nd quarter worth about $111,000. Finally, Mackenzie Financial Corp purchased a new stake in Viant Technology in the second quarter worth approximately $112,000. Institutional investors own 11.38% of the company's stock.

Viant Technology Price Performance

DSP stock traded up $2.94 during midday trading on Wednesday, hitting $16.46. The company's stock had a trading volume of 705,349 shares, compared to its average volume of 122,897. The company's fifty day moving average price is $11.33 and its 200 day moving average price is $10.46. The stock has a market capitalization of $1.04 billion, a P/E ratio of 276.55 and a beta of 0.72. Viant Technology has a twelve month low of $5.36 and a twelve month high of $16.97.

Viant Technology (NASDAQ:DSP - Get Free Report) last issued its 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). Viant Technology had a negative return on equity of 5.69% and a net margin of 0.47%. The firm had revenue of $41.56 million for the quarter, compared to analyst estimates of $41.10 million. Equities analysts expect that Viant Technology will post -0.37 EPS for the current fiscal year.

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.