Viant Technology Inc. (NASDAQ:DSP) Stock Has Average Target Price of $18.33 According to Analysts

Viant Technology Inc. (NASDAQ:DSP) has been given a consensus recommendation of “Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.17.

DSP has been the subject of a number of research reports. Weiss Ratings raised shares of Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Rosenblatt Securities boosted their target price on Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. UBS Group lowered their price target on Viant Technology from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, November 10th. Wall Street Zen downgraded shares of Viant Technology from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Citizens Jmp lifted their price objective on Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 11th.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 20,711 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $13.14, for a total transaction of $272,142.54. Following the transaction, the chief financial officer directly owned 322,000 shares of the company’s stock, valued at approximately $4,231,080. This trade represents a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,355 shares of company stock worth $662,193 in the last ninety days. 29.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its position in shares of Viant Technology by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after buying an additional 1,855 shares in the last quarter. State of Wyoming acquired a new stake in shares of Viant Technology during the 3rd quarter worth about $68,000. Meeder Asset Management Inc. acquired a new position in Viant Technology in the 1st quarter valued at about $97,000. FORA Capital LLC acquired a new stake in shares of Viant Technology in the third quarter valued at $178,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of Viant Technology in the 1st quarter valued at $320,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Stock Performance

NASDAQ:DSP traded up $0.33 during mid-day trading on Friday, hitting $11.92. 377,309 shares of the stock were exchanged, compared to its average volume of 420,244. Viant Technology has a fifty-two week low of $8.72 and a fifty-two week high of $14.80. The stock has a market capitalization of $792.32 million, a price-to-earnings ratio of 47.68 and a beta of 1.16. The firm’s 50-day simple moving average is $12.77 and its 200 day simple moving average is $11.79.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings results on Monday, November 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.08. Viant Technology had a net margin of 1.88% and a return on equity of 1.96%. The firm had revenue of $110.43 million during the quarter, compared to analyst estimates of $66.16 million. On average, analysts predict that Viant Technology will post -0.59 EPS for the current fiscal year.

About Viant Technology

Viant Technology is an advertising technology company that provides a demand-side platform for planning, buying and measuring digital advertising. Its software helps advertisers and agencies run programmatic campaigns across channels including connected TV, mobile, audio and digital out-of-home. The company’s platform includes tools for campaign management, audience targeting and measurement. Viant also offers identity and data capabilities designed to help advertisers reach audiences across devices and assess campaign performance.