Viant Technology (NASDAQ:DSP) Announces Quarterly Earnings Results

Viant Technology (NASDAQ:DSP) announced its earnings results on Monday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08, FiscalAI reports. Viant Technology had a net margin of 2.24% and a return on equity of 4.23%. The company had revenue of $110.43 million during the quarter, compared to the consensus estimate of $66.16 million.

Viant Technology Stock Performance

DSP stock traded up $1.19 during trading on Monday, reaching $14.04. The company had a trading volume of 366,865 shares, compared to its average volume of 293,358. The firm has a 50-day simple moving average of $12.84 and a 200-day simple moving average of $11.79. The company has a market cap of $933.31 million, a price-to-earnings ratio of 45.29 and a beta of 1.16. Viant Technology has a twelve month low of $8.56 and a twelve month high of $14.80.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 20,711 shares of the company’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 owned 322,000 shares in the company, valued at approximately $4,231,080. This represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 79,806 shares of company stock worth $1,020,703. 29.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

DSP has been the subject of several analyst reports. Weiss Ratings upgraded Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, August 11th. UBS Group boosted their target price on Viant Technology from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, DA Davidson raised Viant Technology to a “strong-buy” rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.33.

About Viant Technology

Viant Technology Inc is an advertising technology company that provides software and services for planning, buying, and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase advertising across channels such as connected television, streaming video, display, mobile, audio, and digital out-of-home media.

The company’s solutions are designed to support automated, data-driven media buying, audience targeting, campaign optimization, and performance measurement.