Viant Technology (NASDAQ:DSP) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research report report published on Thursday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

DSP has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Loop Capital set a $14.50 price objective on Viant Technology in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.13.

Viant Technology Trading Up 13.6%

Shares of Viant Technology stock opened at $12.60 on Thursday. Viant Technology has a twelve month low of $8.11 and a twelve month high of $16.25. The firm has a market capitalization of $786.62 million, a PE ratio of 39.38 and a beta of 1.05. The firm’s 50-day moving average price is $10.98 and its 200 day moving average price is $10.29.

Insider Transactions at Viant Technology

In other news, COO Christopher Vanderhook sold 9,102 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total value of $106,493.40. Following the completion of the sale, the chief operating officer directly owned 347,182 shares in the company, valued at $4,062,029.40. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Capital V. Llc sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total value of $176,100.00. Following the completion of the sale, the insider directly owned 22,500 shares of the company’s stock, valued at approximately $264,150. This represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 155,123 shares of company stock worth $1,729,594 in the last ninety days. Insiders own 29.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. boosted its position in shares of Viant Technology by 3.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock valued at $10,352,000 after acquiring an additional 44,357 shares during the last quarter. Royce & Associates LP increased its position in Viant Technology by 72.3% during the fourth quarter. Royce & Associates LP now owns 912,043 shares of the company’s stock worth $10,981,000 after purchasing an additional 382,664 shares during the last quarter. Granite Investment Partners LLC purchased a new position in Viant Technology during the second quarter worth about $7,239,000. Renaissance Technologies LLC boosted its holdings in Viant Technology by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 493,800 shares of the company’s stock valued at $5,945,000 after purchasing an additional 12,683 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Viant Technology by 91.2% in the 4th quarter. Millennium Management LLC now owns 429,993 shares of the company’s stock valued at $5,177,000 after purchasing an additional 205,160 shares during the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Key Headlines Impacting Viant Technology

Here are the key news stories impacting Viant Technology this week:

• Positive Sentiment: Multiple brokerages reaffirmed “buy” ratings and raised price targets, signaling renewed analyst conviction (Rosenblatt to $20 PT, B. Riley to $17 PT, DA Davidson to $15.50 PT). These notes support upside expectations and likely helped share gains. Benzinga TickerReport
• Positive Sentiment: Viant reported Q4 revenue of $110.12M, above consensus (~$103.4M), and issued Q1 revenue guidance of $83.0M–$86.0M (above the ~$81.6M consensus), which supports near-term top-line momentum. Press Release
• Positive Sentiment: Freedom Capital Markets initiated coverage with a buy recommendation, adding incremental institutional attention that can buoy demand for the shares. MSN
• Neutral Sentiment: Company commentary and the earnings call emphasize “record” Q4 results and an opportunity to accelerate growth; read the transcript and highlights for management’s color on AI product adoption and client trends. Yahoo Finance Seeking Alpha
• Neutral Sentiment: The company released its full earnings release and slide deck; slides may contain additional bookings/seasonality detail that will matter to quarterly cadence. Slide Deck BusinessWire
• Negative Sentiment: EPS came in at $0.22 vs. consensus $0.23 (miss by $0.01). Combined with a very low net margin and negative ROE, profitability concerns remain a watch item that could cap multiple expansion until margins improve. Zacks

Viant Technology Company Profile

Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.