Viant Technology’s (DSP) Buy Rating Reaffirmed at B. Riley Financial

B. Riley Financial restated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research report report published on Thursday,Benzinga reports. The brokerage currently has a $17.00 target price on the stock, up from their prior target price of $16.50.

A number of other analysts have also weighed in on DSP. DA Davidson reaffirmed a “buy” rating and set a $15.50 price objective on shares of Viant Technology in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of Viant Technology in a research note on Wednesday, January 21st. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday. Finally, Loop Capital set a $14.50 price target on Viant Technology in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $18.13.

Viant Technology Stock Up 13.6%

Viant Technology stock opened at $12.60 on Thursday. Viant Technology has a 52-week low of $8.11 and a 52-week high of $16.25. The firm has a market cap of $786.62 million, a PE ratio of 39.38 and a beta of 1.05. The company’s 50 day moving average is $10.98 and its two-hundred day moving average is $10.29.

Insider Activity

In related news, major shareholder Capital V. Llc sold 9,836 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $9.17, for a total value of $90,196.12. Following the transaction, the insider owned 1,260 shares of the company’s stock, valued at $11,554.20. This represents a 88.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Timothy Vanderhook sold 2,574 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.87, for a total value of $33,127.38. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 155,123 shares of company stock valued at $1,729,594 in the last 90 days. Company insiders own 29.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its position in shares of Viant Technology by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock worth $596,000 after acquiring an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Viant Technology by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after purchasing an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock valued at $32,000 after purchasing an additional 1,228 shares in the last quarter. Strs Ohio increased its stake in Viant Technology by 4.5% in the third quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after purchasing an additional 1,700 shares during the last quarter. Finally, CWM LLC increased its stake in Viant Technology by 431.0% in the fourth quarter. CWM LLC now owns 2,793 shares of the company’s stock valued at $34,000 after purchasing an additional 2,267 shares during the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Trending Headlines about 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.