Viant Technology (NASDAQ:DSP) Stock Price Target Lowered at UBS Group

Viant Technology (NASDAQ:DSP – Get Free Report) had its target price cut by research analysts at UBS Group from $19.00 to $18.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective would indicate a potential upside of 47.11% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen downgraded Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. DA Davidson initiated coverage on Viant Technology in a report on Tuesday. They set a “buy” rating on the stock. Weiss Ratings raised Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Citizens Jmp upped their price target on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 11th. Finally, Rosenblatt Securities raised their price objective on shares of Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Viant Technology presently has an average rating of “Buy” and a consensus target price of $18.17.

View Our Latest Report on DSP

Viant Technology Stock Down 12.8%

NASDAQ:DSP traded down $1.80 during midday trading on Tuesday, reaching $12.24. The stock had a trading volume of 1,333,233 shares, compared to its average volume of 297,820. The firm has a fifty day simple moving average of $12.86 and a two-hundred day simple moving average of $11.80. Viant Technology has a 12-month low of $8.72 and a 12-month high of $14.80. The stock has a market cap of $813.33 million, a P/E ratio of 39.50 and a beta of 1.16.

Viant Technology (NASDAQ:DSP – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.08. The company had revenue of $110.43 million during the quarter, compared to the consensus estimate of $66.16 million. Viant Technology had a net margin of 2.24% and a return on equity of 4.23%. On average, sell-side analysts anticipate that Viant Technology will post -0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 20,711 shares of Viant Technology stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $13.14, for a total transaction of $272,142.54. Following the completion of the transaction, the chief financial officer owned 322,000 shares in the company, valued at approximately $4,231,080. The trade was a 6.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 52,355 shares of company stock worth $662,193. Company insiders own 29.43% of the company’s stock.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in DSP. Norwood Investment Partners LP raised its stake in Viant Technology by 25.7% in the 3rd quarter. Norwood Investment Partners LP now owns 421,500 shares of the company’s stock valued at $5,189,000 after purchasing an additional 86,267 shares during the last quarter. Royce & Associates LP raised its position in shares of Viant Technology by 29.9% in the third quarter. Royce & Associates LP now owns 1,392,004 shares of the company’s stock valued at $17,136,000 after buying an additional 320,781 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Viant Technology in the third quarter valued at approximately $432,000. State of Wyoming purchased a new position in shares of Viant Technology during the third quarter valued at approximately $68,000. Finally, Inspire Investing LLC acquired a new stake in Viant Technology during the third quarter worth approximately $643,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

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Viant Technology Company Profile

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Viant Technology is an advertising technology company that provides a demand-side platform for planning, buying and measuring digital advertising. Its software helps advertisers and agencies run programmatic campaigns across channels including connected TV, mobile, audio and digital out-of-home. The company’s platform includes tools for campaign management, audience targeting and measurement. Viant also offers identity and data capabilities designed to help advertisers reach audiences across devices and assess campaign performance.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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