Viant Technology (NASDAQ:DSP) Shares Gap Down - Here's Why

Key Points

• Viant shares fell sharply, opening at $12.03 versus a prior close of $14.04 and later trading at $11.37, as investors reacted to the company’s outlook.
• Fourth-quarter 2026 revenue guidance of $130.5 million–$133.5 million came in below the $140.4 million analyst consensus; full-year guidance of $435 million also trailed expectations of $442.4 million.
• Third-quarter revenue was $110.4 million and EPS was $0.13, though reports differed on the relevant EPS consensus estimate. Analysts’ average rating remained “Buy,” with a consensus price target of $18.33.

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $14.04, but opened at $12.03. Viant Technology shares last traded at $11.37, with a volume of 206,394 shares trading hands.

Key Viant Technology News

Here are the key news stories impacting Viant Technology this week:

• Neutral Sentiment: Viant reported third-quarter revenue of $110.4 million and earnings per share of $0.13. Reports differed on the EPS comparison: one cited a $0.05 consensus estimate, while another cited $0.18, so the quarter’s estimate performance is not clear-cut. Viant Technology Announces Third Quarter 2026 Financial Results
• Negative Sentiment: Fourth-quarter 2026 revenue guidance of $130.5 million–$133.5 million is below the $140.4 million consensus estimate, signaling weaker near-term revenue expectations. Viant Technology Provides Fourth-Quarter and Fiscal-Year 2026 Guidance
• Negative Sentiment: Full-year 2026 revenue guidance of $435 million also trails the $442.4 million consensus, reinforcing concerns about growth relative to expectations. Viant Technology Provides Fourth-Quarter and Fiscal-Year 2026 Guidance

Analyst Ratings Changes

A number of research firms have issued reports on DSP. Wall Street Zen lowered shares of Viant Technology from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. UBS Group boosted their price target on shares of Viant Technology from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Citigroup reaffirmed a "market outperform" rating on shares of Viant Technology in a research report on Tuesday, August 11th. DA Davidson raised Viant Technology to a "strong-buy" rating in a research report on Monday, October 5th. Finally, Citizens Jmp lifted their target price on Viant Technology from $16.00 to $17.00 and gave the company a "market outperform" rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Viant Technology presently has an average rating of "Buy" and a consensus target price of $18.33.

Viant Technology Stock Down 19.9%

The company's fifty day moving average is $12.86 and its two-hundred day moving average is $11.80. The stock has a market cap of $747.72 million, a price-to-earnings ratio of 36.00 and a beta of 1.16.

Viant Technology (NASDAQ:DSP - Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.05 by $0.08. Viant Technology had a net margin of 2.24% and a return on equity of 4.23%. The company had revenue of $110.43 million during the quarter, compared to analysts' expectations of $66.16 million. Sell-side analysts predict that Viant Technology Inc. will post -0.59 EPS for the current fiscal year.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 20,711 shares of the company's stock in a transaction dated Tuesday, October 13th. The stock was 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 directly owned 322,000 shares of the company's stock, valued at approximately $4,231,080. This represents a 6.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,355 shares of company stock worth $662,193. 29.43% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in Viant Technology by 202.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company's stock worth $35,000 after acquiring an additional 1,855 shares during the period. Squarepoint Ops LLC grew its stake in shares of Viant Technology by 8.8% in the 2nd quarter. Squarepoint Ops LLC now owns 39,568 shares of the company's stock valued at $501,000 after purchasing an additional 3,207 shares during the last quarter. State of Wyoming purchased a new position in shares of Viant Technology in the 3rd quarter valued at approximately $68,000. Meeder Asset Management Inc. purchased a new position in shares of Viant Technology in the 1st quarter valued at approximately $97,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Viant Technology by 81.6% in the first quarter. Quantinno Capital Management LP now owns 62,409 shares of the company's stock valued at $699,000 after purchasing an additional 28,052 shares during the period. Institutional investors and hedge funds own 11.38% of the company's stock.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides software and services for planning, buying, and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase advertising across channels such as connected television, streaming video, display, mobile, audio, and digital out-of-home media.

The company's solutions are designed to support automated, data-driven media buying, audience targeting, campaign optimization, and performance measurement.

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