Viant Technology (NASDAQ:DSP) Upgraded at Freedom Capital

Viant Technology (NASDAQ:DSP) was upgraded by investment analysts at Freedom Capital to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

DSP has been the topic of several other reports. Citigroup restated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. DA Davidson reiterated a “buy” rating and set a $15.50 price objective on shares of Viant Technology in a report on Thursday. Loop Capital set a $14.50 price objective on Viant Technology in a research report on Tuesday. B. Riley Financial restated a “buy” rating and issued a $17.00 target price (up from $16.50) on shares of Viant Technology in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Viant Technology presently has an average rating of “Buy” and a consensus price target of $18.13.

Viant Technology Stock Performance

DSP stock opened at $12.60 on Tuesday. The firm has a 50 day simple moving average of $10.98 and a 200 day simple moving average of $10.29. Viant Technology has a 52 week low of $8.11 and a 52 week high of $16.25. The stock has a market cap of $786.62 million, a P/E ratio of 39.38 and a beta of 1.05.

Insider Buying and Selling

In other Viant Technology news, major shareholder Capital V. Llc sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.74, for a total transaction of $176,100.00. Following the completion of the transaction, the insider owned 22,500 shares of the company’s stock, valued at $264,150. The trade was a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Larry Madden sold 13,477 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total transaction of $157,680.90. Following the sale, the chief financial officer owned 409,778 shares of the company’s stock, valued at $4,794,402.60. This trade represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 155,123 shares of company stock worth $1,729,594 in the last quarter. 29.40% of the stock is currently owned by company insiders.

Institutional Trading of Viant Technology

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Viant Technology by 246.4% in the 1st quarter. Royal Bank of Canada now owns 29,213 shares of the company’s stock valued at $363,000 after buying an additional 20,779 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Viant Technology by 303.6% in the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company’s stock valued at $587,000 after acquiring an additional 35,578 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Viant Technology by 77.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company’s stock valued at $1,691,000 after acquiring an additional 59,323 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Viant Technology in the second quarter worth $166,000. Finally, Acadian Asset Management LLC grew its stake in shares of Viant Technology by 12.1% in the second quarter. Acadian Asset Management LLC now owns 149,811 shares of the company’s stock worth $1,980,000 after acquiring an additional 16,205 shares during the last quarter. 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

About Viant Technology

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.