Viant Technology (NASDAQ:DSP) Announces Quarterly 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) issued its quarterly earnings data on Monday. The company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.27), Zacks reports. The firm had revenue of $48.37 million for the quarter, compared to analysts' expectations of $77.97 million. Viant Technology had a net margin of 0.74% and a negative return on equity of 4.63%. Viant Technology updated its Q3 2025 guidance to EPS.

Viant Technology Trading Down 0.1%

Shares of NASDAQ:DSP traded down $0.01 during trading on Friday, reaching $9.52. The company's stock had a trading volume of 32,962 shares, compared to its average volume of 321,489. Viant Technology has a 12 month low of $9.22 and a 12 month high of $26.33. The firm's 50 day simple moving average is $13.26 and its two-hundred day simple moving average is $14.97. The stock has a market capitalization of $595.67 million, a PE ratio of 73.31 and a beta of 1.12.

Insider Activity at Viant Technology

In other Viant Technology news, CEO Timothy Vanderhook sold 8,960 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $13.08, for a total value of $117,196.80. Following the completion of the sale, the chief executive officer owned 365,076 shares of the company's stock, valued at $4,775,194.08. This trade represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Larry Madden sold 13,265 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $13.08, for a total transaction of $173,506.20. Following the completion of the sale, the chief financial officer directly owned 436,261 shares of the company's stock, valued at approximately $5,706,293.88. The trade was a 2.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,125 shares of company stock valued at $430,048. Insiders own 29.40% of the company's stock.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. purchased a new position in Viant Technology during the second quarter valued at approximately $166,000. JPMorgan Chase & Co. increased its holdings in Viant Technology by 4.3% during the second quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company's stock valued at $359,000 after buying an additional 1,109 shares during the period. Royal Bank of Canada increased its holdings in Viant Technology by 246.4% during 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 during the period. AQR Capital Management LLC increased its holdings in Viant Technology by 303.6% during the first quarter. AQR Capital Management LLC now owns 47,295 shares of the company's stock valued at $587,000 after buying an additional 35,578 shares during the period. Finally, Rhumbline Advisers increased its holdings in Viant Technology by 2.4% during the second quarter. Rhumbline Advisers now owns 45,042 shares of the company's stock valued at $596,000 after buying an additional 1,056 shares during the period. Institutional investors own 11.38% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. JMP Securities cut their price objective on Viant Technology from $24.00 to $18.00 and set a "market outperform" rating for the company in a research report on Tuesday. Raymond James Financial cut their price objective on Viant Technology from $20.00 to $19.00 and set a "strong-buy" rating for the company in a research report on Tuesday. Canaccord Genuity Group cut their price objective on Viant Technology from $24.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Rosenblatt Securities restated a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a research report on Tuesday. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $20.38.

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.