Viant Technology (NASDAQ:DSP) Shares Up 4.7%

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) traded up 4.7% on Monday . The company traded as high as $8.74 and last traded at $8.72. 33,199 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 125,426 shares. The stock had previously closed at $8.33.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Needham & Company LLC lifted their target price on Viant Technology from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Craig Hallum lifted their target price on Viant Technology from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Raymond James lifted their target price on Viant Technology from $7.00 to $10.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. Canaccord Genuity Group lifted their target price on Viant Technology from $8.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, March 5th. Finally, UBS Group lifted their target price on Viant Technology from $8.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $10.83.

Viant Technology Trading Up 1.4 %

The company has a fifty day moving average price of $9.58 and a 200 day moving average price of $7.76.

Viant Technology (NASDAQ:DSP - Get Free Report) last released its quarterly earnings data on Monday, March 4th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The firm had revenue of $42.60 million for the quarter, compared to the consensus estimate of $42.10 million. Viant Technology had a negative net margin of 1.54% and a negative return on equity of 5.84%. On average, sell-side analysts expect that Viant Technology Inc. will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Viant Technology

Several institutional investors have recently bought and sold shares of DSP. Allspring Global Investments Holdings LLC boosted its position in Viant Technology by 185.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company's stock worth $101,000 after purchasing an additional 11,768 shares during the last quarter. Jump Financial LLC bought a new position in Viant Technology in the 3rd quarter worth about $69,000. Barclays PLC lifted its position in Viant Technology by 357.3% during the third quarter. Barclays PLC now owns 19,801 shares of the company's stock valued at $111,000 after purchasing an additional 15,471 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in Viant Technology by 9.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company's stock worth $410,000 after buying an additional 6,232 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in Viant Technology in the 3rd quarter worth approximately $1,354,000. 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.