Viant Technology (NASDAQ:DSP) Price Target Raised to $13.00 at Canaccord Genuity Group

Viant Technology (NASDAQ:DSP) had its target price upped by Canaccord Genuity Group from $11.00 to $13.00 in a report released on Friday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a hold rating on the stock.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Viant Technology in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.20.

Viant Technology Stock Performance

Viant Technology stock opened at $11.85 on Friday. The company has a 50 day moving average price of $10.81 and a 200 day moving average price of $10.13. Viant Technology has a 52 week low of $4.98 and a 52 week high of $12.36. The firm has a market capitalization of $752.42 million, a price-to-earnings ratio of -98.75 and a beta of 0.74.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. The firm had revenue of $41.56 million during the quarter, compared to analyst estimates of $41.10 million. Equities analysts forecast that Viant Technology will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the sale, the chief financial officer now owns 529,848 shares in the company, valued at $5,950,193.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 8,921 shares of company stock worth $99,315 in the last quarter. 28.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DSP. Allspring Global Investments Holdings LLC bought a new position in shares of Viant Technology during the 2nd quarter valued at $47,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Viant Technology during the 2nd quarter valued at $84,000. Summit Global Investments bought a new position in shares of Viant Technology during the 2nd quarter valued at $111,000. Mackenzie Financial Corp bought a new position in Viant Technology in the 2nd quarter worth $112,000. Finally, Algert Global LLC bought a new position in Viant Technology in the 2nd quarter worth $128,000. Institutional investors own 11.38% of the company’s stock.

About Viant Technology

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.