Viant Technology (NASDAQ:DSP) Releases Earnings Results, Misses Estimates By $0.33 EPS

Viant Technology (NASDAQ:DSP - Get Free Report) posted its earnings results on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.33), Zacks reports. The company had revenue of $90.05 million for the quarter, compared to analyst estimates of $83.97 million. Viant Technology had a negative return on equity of 5.67% and a net margin of 0.47%. Viant Technology updated its Q1 2025 guidance to EPS.

Viant Technology Stock Down 0.2 %

Shares of NASDAQ:DSP traded down $0.03 during midday trading on Thursday, hitting $15.06. The stock had a trading volume of 814,956 shares, compared to its average volume of 191,712. The company's 50-day moving average price is $20.41 and its 200-day moving average price is $16.21. Viant Technology has a fifty-two week low of $7.77 and a fifty-two week high of $26.33. The company has a market capitalization of $946.55 million, a P/E ratio of 251.04 and a beta of 1.02.

Insider Buying and Selling

In related news, Director Max O. Valdes sold 7,500 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the sale, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Larry Madden sold 14,284 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the sale, the chief financial officer now directly owns 344,340 shares in the company, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,068 shares of company stock worth $752,039. Corporate insiders own 28.80% of the company's stock.

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Analyst Ratings Changes

DSP has been the subject of a number of research reports. Scotiabank began coverage on Viant Technology in a report on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $21.00 price objective on shares of Viant Technology in a research note on Tuesday. Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Raymond James lowered their target price on shares of Viant Technology from $30.00 to $27.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group boosted their price target on Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $22.43.

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.