Viant Technology (NASDAQ:DSP) Issues Earnings Results

Key Points

• Viant Technology reported a loss of ($0.17) EPS for the quarter, significantly missing analysts' expected EPS of $0.10 by ($0.27).
• The company's stock price fell to $12.00 after the earnings announcement, contrasting with its 52-week high of $26.33.
• Corporate insiders have sold a total of 32,125 shares over the last three months, signaling potential concerns as their ownership in the company decreased.

Viant Technology (NASDAQ:DSP - Get Free Report) released its earnings results on Monday. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.27), Zacks reports. Viant Technology had a net margin of 0.69% and a negative return on equity of 4.72%. Viant Technology updated its Q3 2025 guidance to EPS.

Viant Technology Price Performance

DSP traded down $0.47 on Monday, reaching $12.00. 336,143 shares of the company traded hands, compared to its average volume of 200,027. The stock's 50 day moving average price is $13.50 and its 200-day moving average price is $15.12. Viant Technology has a 52-week low of $8.70 and a 52-week high of $26.33. The company has a market cap of $750.84 million, a price-to-earnings ratio of 109.10 and a beta of 1.12.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 13,265 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $173,506.20. Following the transaction, the chief financial officer owned 436,261 shares in the company, valued at $5,706,293.88. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Max O. Valdes sold 5,062 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $13.87, for a total value of $70,209.94. Following the transaction, the director owned 26,429 shares in the company, valued at approximately $366,570.23. This trade represents a 16.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,125 shares of company stock valued at $430,048. Corporate insiders own 28.80% of the company's stock.

Hedge Funds Weigh In On Viant Technology

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of Viant Technology by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 380,598 shares of the company's stock worth $5,036,000 after acquiring an additional 22,857 shares during the period. Envestnet Asset Management Inc. acquired a new stake in shares of Viant Technology during the 2nd quarter worth approximately $166,000. Goldman Sachs Group Inc. boosted its stake in Viant Technology by 77.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 136,249 shares of the company's stock worth $1,691,000 after acquiring an additional 59,323 shares during the last quarter. AQR Capital Management LLC boosted its stake in Viant Technology by 303.6% during the 1st quarter. AQR Capital Management LLC now owns 47,295 shares of the company's stock worth $587,000 after acquiring an additional 35,578 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Viant Technology by 246.4% in the first quarter. Royal Bank of Canada now owns 29,213 shares of the company's stock valued at $363,000 after buying an additional 20,779 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Raymond James Financial upgraded shares of Viant Technology from an "outperform" rating to a "strong-buy" rating and set a $20.00 price objective on the stock in a report on Thursday, July 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $20.00 price target on shares of Viant Technology in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $21.25.

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.

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