Viant Technology Inc. (NASDAQ:DSP) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.83.

Separately, Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research report on Monday, May 20th.

Institutional Trading of Viant Technology

Several institutional investors have recently modified their holdings of the stock. Bailard Inc. acquired a new position in shares of Viant Technology during the 4th quarter worth about $260,000. G2 Investment Partners Management LLC raised its holdings in shares of Viant Technology by 11.6% during the fourth quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock valued at $2,969,000 after acquiring an additional 44,779 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock valued at $458,000 after acquiring an additional 1,562 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after acquiring an additional 20,668 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Viant Technology by 379.0% in the first quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after acquiring an additional 14,835 shares during the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Trading Up 3.2 %

Viant Technology stock opened at $10.62 on Monday. The firm has a market cap of $674.26 million, a PE ratio of -88.50 and a beta of 0.74. Viant Technology has a 12 month low of $4.36 and a 12 month high of $11.63. The stock’s 50 day simple moving average is $9.56 and its two-hundred day simple moving average is $9.04.

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

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.