Viant Technology Inc. (NASDAQ:DSP - Get Free Report)'s share price rose 3.3% during trading on Wednesday . The stock traded as high as $9.20 and last traded at $9.15. Approximately 31,130 shares were traded during trading, a decline of 74% from the average daily volume of 121,303 shares. The stock had previously closed at $8.86.
Analyst Upgrades and Downgrades
DSP has been the subject of several research analyst reports. Canaccord Genuity Group increased their target price on Viant Technology from $8.00 to $10.00 and gave the company a "hold" rating in a research note on Tuesday, March 5th. Craig Hallum increased their target price on Viant Technology from $8.00 to $14.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Needham & Company LLC increased their target price on Viant Technology from $10.00 to $12.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Raymond James upped their price target on Viant Technology from $7.00 to $10.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Finally, UBS Group upped their price target on Viant Technology from $8.00 to $12.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.83.
View Our Latest Report on DSP
Viant Technology Trading Up 1.6 %
The firm has a market capitalization of $565.46 million, a price-to-earnings ratio of -39.13 and a beta of 0.63. The company has a 50-day moving average of $9.58 and a 200-day moving average of $7.59.
Viant Technology (NASDAQ:DSP - Get Free Report) last issued its earnings results on Monday, March 4th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.08). Viant Technology had a negative return on equity of 5.84% and a negative net margin of 1.54%. The company had revenue of $42.60 million during the quarter, compared to analyst estimates of $42.10 million. On average, research analysts forecast that Viant Technology Inc. will post -0.44 earnings per share for the current year.
Institutional Investors Weigh In On Viant Technology
Several large investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in shares of Viant Technology by 179.2% during the first quarter. UBS Group AG now owns 6,215 shares of the company's stock valued at $27,000 after purchasing an additional 3,989 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Viant Technology by 112.3% during the second quarter. Wells Fargo & Company MN now owns 6,116 shares of the company's stock valued at $28,000 after purchasing an additional 3,235 shares during the period. Royal Bank of Canada increased its holdings in shares of Viant Technology by 91.4% during the second quarter. Royal Bank of Canada now owns 6,386 shares of the company's stock valued at $29,000 after purchasing an additional 3,050 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Viant Technology by 252.5% during the first quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company's stock valued at $36,000 after purchasing an additional 1,808 shares during the period. Finally, Barclays PLC increased its holdings in shares of Viant Technology by 67.1% during the first quarter. Barclays PLC now owns 8,887 shares of the company's stock valued at $38,000 after purchasing an additional 3,570 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.
About Viant Technology
(
Get Free Report)
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.
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