Viant Technology (NASDAQ:DSP) Given New $17.00 Price Target at JMP Securities

Viant Technology (NASDAQ:DSP) had its target price upped by JMP Securities from $12.00 to $17.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ target price indicates a potential upside of 10.39% from the company’s current price.

A number of other analysts have also recently issued reports on DSP. Craig Hallum increased their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $18.00 in a report on Wednesday. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $15.86.

Viant Technology Stock Performance

Shares of Viant Technology stock opened at $15.40 on Wednesday. The stock’s fifty day moving average is $11.45 and its 200 day moving average is $10.50. Viant Technology has a one year low of $5.36 and a one year high of $16.97. The stock has a market cap of $973.28 million, a P/E ratio of 256.71 and a beta of 0.72.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Viant Technology had a net margin of 0.47% and a negative return on equity of 5.69%. The company had revenue of $41.56 million for the quarter, compared to the consensus estimate of $41.10 million. Analysts predict that Viant Technology will post -0.37 EPS for the current year.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total transaction of $34,078.20. Following the completion of the transaction, the chief financial officer now owns 538,434 shares in the company, valued at $5,949,695.70. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 10,419 shares of company stock worth $116,647. 28.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

Large investors have recently bought and sold shares of the business. Federated Hermes Inc. boosted its position in Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after buying an additional 66,509 shares during the period. Quadrature Capital Ltd grew its stake in Viant Technology by 39.0% in the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after purchasing an additional 20,668 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Viant Technology during the 2nd quarter valued at $1,387,000. Acadian Asset Management LLC raised its position in Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology in the 2nd quarter worth $84,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.