Viant Technology (NASDAQ:DSP - Free Report ) in a report published on Wednesday, Benzinga reports. Needham & Company LLC currently has a $12.00 target price on the stock.
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Several other equities analysts have also weighed in on the company. Raymond James lifted their price objective on Viant Technology from $7.00 to $10.00 and gave the company an outperform rating in a research note on Wednesday, January 24th. Canaccord Genuity Group raised their target price on Viant Technology from $8.00 to $10.00 and gave the company a hold rating in a report on Tuesday, March 5th. Craig Hallum raised their target price on Viant Technology from $8.00 to $14.00 and gave the company a buy rating in a report on Tuesday, March 5th. Finally, UBS Group raised their target price on Viant Technology from $8.00 to $12.00 and gave the company a buy rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $10.83.
View Our Latest Stock Report on DSP
Viant Technology Stock Down 7.5 % Shares of NASDAQ DSP traded down $0.66 during midday trading on Wednesday, hitting $8.13. The stock had a trading volume of 516,792 shares, compared to its average volume of 134,696. The company has a market capitalization of $510.80 million, a price-to-earnings ratio of -35.35 and a beta of 0.63. Viant Technology has a 1-year low of $3.75 and a 1-year high of $11.63. The company has a fifty day moving average price of $9.58 and a 200 day moving average price of $7.81.
Viant Technology (NASDAQ:DSP - Get Free Report ) last released its quarterly earnings data 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). The firm had revenue of $42.60 million during the quarter, compared to analyst estimates 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, research analysts forecast that Viant Technology will post -0.44 EPS for the current year.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new position in Viant Technology during the 3rd quarter valued at approximately $69,000. Allspring Global Investments Holdings LLC boosted its position in Viant Technology by 185.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company's stock worth $101,000 after acquiring an additional 11,768 shares during the period. Barclays PLC boosted its position in Viant Technology by 357.3% during the 3rd quarter. Barclays PLC now owns 19,801 shares of the company's stock worth $111,000 after acquiring an additional 15,471 shares during the period. Bailard Inc. acquired a new position in Viant Technology during the 4th quarter worth $260,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in Viant Technology by 9.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 73,218 shares of the company's stock worth $410,000 after acquiring an additional 6,232 shares during the period. Institutional investors and hedge funds own 11.38% of the company's stock.
Viant Technology Company Profile (
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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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