Viant Technology’s (DSP) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research report sent to investors on Monday morning, Benzinga reports. They currently have a $12.00 price objective on the stock.

Several other brokerages have also weighed in on DSP. Canaccord Genuity Group upped their target price on Viant Technology from $8.00 to $10.00 and gave the stock a hold rating in a research report on Tuesday, March 5th. UBS Group lifted their target price on shares of Viant Technology from $8.00 to $12.00 and gave the company a buy rating in a research note on Tuesday, March 5th. Raymond James boosted their target price on shares of Viant Technology from $7.00 to $10.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Finally, Craig Hallum raised their price target on shares of Viant Technology from $8.00 to $14.00 and gave the company a buy rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $10.83.

Viant Technology Trading Down 0.5 %

DSP stock opened at $9.56 on Monday. Viant Technology has a one year low of $4.10 and a one year high of $11.63. The firm has a 50-day moving average of $9.49 and a two-hundred day moving average of $8.20. The firm has a market capitalization of $606.96 million, a PE ratio of -79.67 and a beta of 0.69.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.07). The firm had revenue of $34.12 million during the quarter, compared to analyst estimates of $34.10 million. Viant Technology had a negative return on equity of 6.41% and a negative net margin of 0.81%. On average, equities research analysts anticipate that Viant Technology will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kennedy Capital Management LLC increased its position in Viant Technology by 3.8% in the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after buying an additional 1,562 shares during the period. GSA Capital Partners LLP increased its position in Viant Technology by 4.4% during the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after acquiring an additional 1,699 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in Viant Technology by 9.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company’s stock valued at $410,000 after purchasing an additional 6,232 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Viant Technology by 185.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company’s stock valued at $101,000 after purchasing an additional 11,768 shares during the period. Finally, Jump Financial LLC acquired a new stake in Viant Technology in the 3rd quarter worth $69,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.