Viant Technology Inc. (NASDAQ:DSP) Given Consensus Rating of “Buy” by Brokerages

Viant Technology Inc. (NASDAQ:DSP) has earned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.50.

Several brokerages have recently issued reports on DSP. Wall Street Zen cut Viant Technology from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. DA Davidson lifted their price target on Viant Technology from $15.00 to $15.50 and gave the company a “buy” rating in a report on Tuesday, November 11th. Citizens Jmp decreased their target price on shares of Viant Technology from $18.00 to $16.00 and set a “market outperform” rating for the company in a research note on Tuesday, November 11th. Citigroup restated a “market outperform” rating on shares of Viant Technology in a report on Tuesday, November 11th. Finally, B. Riley reiterated a “buy” rating and set a $16.50 price target (up previously from $14.50) on shares of Viant Technology in a research note on Tuesday, November 11th.

Viant Technology Stock Performance

NASDAQ:DSP opened at $11.54 on Thursday. The stock has a market cap of $720.44 million, a price-to-earnings ratio of 104.92 and a beta of 1.05. Viant Technology has a 1 year low of $8.11 and a 1 year high of $26.33. The business has a fifty day moving average of $9.83 and a 200-day moving average of $11.03.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The company had revenue of $85.58 million during the quarter, compared to analyst estimates of $85.54 million. Viant Technology had a negative return on equity of 5.00% and a net margin of 0.57%. On average, equities research analysts predict that Viant Technology will post -0.39 EPS for the current year.

Hedge Funds Weigh In On Viant Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its position in shares of Viant Technology by 39.7% during the third quarter. Tudor Investment Corp ET AL now owns 191,636 shares of the company’s stock valued at $1,654,000 after purchasing an additional 54,507 shares during the period. Verition Fund Management LLC increased its holdings in Viant Technology by 40.7% during the 3rd quarter. Verition Fund Management LLC now owns 51,723 shares of the company’s stock valued at $446,000 after purchasing an additional 14,963 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in Viant Technology in the 3rd quarter valued at $153,000. Qube Research & Technologies Ltd bought a new position in Viant Technology in the 3rd quarter valued at $493,000. Finally, Punch & Associates Investment Management Inc. boosted its stake in Viant Technology by 3.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 1,199,490 shares of the company’s stock worth $10,352,000 after purchasing an additional 44,357 shares in the last quarter. 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.