Viant Technology (NASDAQ:DSP - Get Free Report) had its price objective cut by equities researchers at UBS Group from $19.00 to $18.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price objective indicates a potential upside of 47.11% from the company's current price.
Several other brokerages have also commented on DSP. DA Davidson began coverage on shares of Viant Technology in a report on Tuesday. They issued a "buy" rating on the stock. Weiss Ratings raised Viant Technology from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Rosenblatt Securities boosted their price objective on Viant Technology from $20.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, August 11th. Wall Street Zen lowered Viant Technology from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Finally, Citizens Jmp raised their price objective on shares of Viant Technology from $16.00 to $17.00 and gave the company a "market outperform" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Viant Technology presently has an average rating of "Buy" and a consensus price target of $18.17.
Read Our Latest Stock Analysis on Viant Technology
Viant Technology Price Performance
Shares of DSP traded down $1.80 during mid-day 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. Viant Technology has a 52-week low of $8.72 and a 52-week high of $14.80. The firm has a market cap of $813.33 million, a price-to-earnings ratio of 39.50 and a beta of 1.16. The business's fifty day moving average is $12.86 and its 200 day moving average is $11.80.
Viant Technology (NASDAQ:DSP - Get Free Report) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.08. The business 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%. As a group, sell-side analysts anticipate that Viant Technology will post -0.59 EPS for the current fiscal year.
Insider Buying and Selling at Viant Technology
In related news, CFO Larry Madden sold 20,711 shares of the business's stock in a transaction on 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 document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 52,355 shares of company stock valued at $662,193. 29.43% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Viant Technology
Several hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its holdings 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 acquiring an additional 320,781 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company's stock valued at $15,088,000 after purchasing an additional 190,248 shares during the period. Norwood Investment Partners LP raised its holdings in shares of Viant Technology by 25.7% in the third quarter. Norwood Investment Partners LP now owns 421,500 shares of the company's stock valued at $5,189,000 after buying an additional 86,267 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Viant Technology in the second quarter valued at about $1,316,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Viant Technology by 81.6% during the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company's stock worth $699,000 after buying an additional 28,052 shares during the period. 11.38% of the stock is currently owned by hedge funds and other institutional investors.
Key Viant Technology News
Here are the key news stories impacting Viant Technology this week:
Viant Technology Company Profile
(
Get Free Report)
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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