Viant Technology (NASDAQ:DSP) Sees Unusually-High Trading Volume

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 162,525 shares traded hands during mid-day trading, an increase of 18% from the previous session's volume of 137,824 shares.The stock last traded at $10.05 and had previously closed at $9.72.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DSP. UBS Group boosted their target price on shares of Viant Technology from $8.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Raymond James increased their price objective on shares of Viant Technology from $7.00 to $10.00 and gave the company an "outperform" rating in a research report on Wednesday, January 24th. Craig Hallum lifted their target price on shares of Viant Technology from $8.00 to $14.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. Canaccord Genuity Group upped their price target on shares of Viant Technology from $8.00 to $10.00 and gave the company a "hold" rating in a research note on Tuesday, March 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $12.00 price objective on shares of Viant Technology in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $10.83.

Viant Technology Stock Up 4.8 %

The company has a market cap of $646.96 million, a P/E ratio of -84.92 and a beta of 0.69. The firm's 50 day moving average is $9.55 and its two-hundred day moving average is $8.06.

Viant Technology (NASDAQ:DSP - Get Free Report) last released its quarterly earnings results on Monday, March 4th. The company reported ($0.28) earnings per share (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 return on equity of 6.41% and a negative net margin of 0.81%. As a group, research analysts forecast that Viant Technology Inc. will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Viant Technology

Several institutional investors have recently made changes to their positions in DSP. Jump Financial LLC bought a new stake in Viant Technology during the 3rd quarter worth approximately $69,000. Allspring Global Investments Holdings LLC raised its position in Viant Technology by 185.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 18,108 shares of the company's stock valued at $101,000 after buying an additional 11,768 shares during the last quarter. Barclays PLC lifted its stake in Viant Technology by 357.3% during the 3rd quarter. Barclays PLC now owns 19,801 shares of the company's stock valued at $111,000 after acquiring an additional 15,471 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Viant Technology by 379.0% during the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company's stock worth $198,000 after acquiring an additional 14,835 shares during the last quarter. Finally, Heron Bay Capital Management bought a new stake in shares of Viant Technology in the 1st quarter worth $243,000. Institutional investors and hedge funds 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.