Viant Technology (NASDAQ:DSP) Price Target Raised to $24.00

Viant Technology (NASDAQ:DSP) had its target price hoisted by Rosenblatt Securities from $20.00 to $24.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on DSP. Wall Street Zen lowered shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded Viant Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. B. Riley Financial raised their target price on Viant Technology from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. DA Davidson lifted their price target on Viant Technology from $16.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $18.33.

Viant Technology Trading Up 4.0%

DSP stock opened at $12.98 on Tuesday. Viant Technology has a one year low of $8.11 and a one year high of $14.80. The firm has a 50-day moving average of $12.05 and a two-hundred day moving average of $11.33. The firm has a market capitalization of $862.78 million, a PE ratio of 41.87 and a beta of 1.08.

Viant Technology (NASDAQ:DSP) last released its earnings results on Monday, May 11th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.11). The firm had revenue of $88.54 million during the quarter, compared to analysts’ expectations of $50.13 million. Viant Technology had a return on equity of 4.38% and a net margin of 2.24%. On average, equities research analysts anticipate that Viant Technology will post -0.19 earnings per share for the current year.

Insider Transactions at Viant Technology

In other Viant Technology news, major shareholder Capital V. Llc sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $10.89, for a total value of $163,350.00. Following the transaction, the insider directly owned 22,500 shares of the company’s stock, valued at $245,025. This represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Larry Madden sold 27,451 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $13.06, for a total value of $358,510.06. Following the sale, the chief financial officer directly owned 398,371 shares of the company’s stock, valued at $5,202,725.26. This trade represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 195,304 shares of company stock valued at $2,306,406. 29.43% of the stock is owned by insiders.

Hedge Funds Weigh In On Viant Technology

A number of hedge funds have recently added to or reduced their stakes in DSP. Rhumbline Advisers raised its position in Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company’s stock valued at $596,000 after acquiring an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. grew its position in Viant Technology by 4.3% in the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock worth $359,000 after acquiring an additional 1,109 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Viant Technology by 86.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company’s stock worth $32,000 after purchasing an additional 1,228 shares during the last quarter. Versant Capital Management Inc increased its stake 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 worth $35,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Viant Technology by 8.2% during the 4th quarter. Hsbc Holdings PLC now owns 27,950 shares of the company’s stock valued at $332,000 after purchasing an additional 2,122 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.