Viant Technology (NASDAQ:DSP) Releases Earnings Results, Beats Estimates By $0.13 EPS

Key Points

• Viant beat expectations: Q4 EPS of $0.36 topped the $0.23 consensus by $0.13 and revenue came in at $110.12M versus $103.37M, though net margin was only 0.57% and return on equity was negative 5.00%.
• Market reaction and valuation: Shares rose to $11.09 on heavy volume, giving a market cap of $692.35M and a high P/E of 100.83, with a 52‑week range of $8.11–$16.25.
• Mixed signals from investors: Analysts are mostly bullish (average "Buy" rating and $18.06 target), but insiders sold 155,123 shares in the last 90 days and still own 28.8% of the stock.

Viant Technology (NASDAQ:DSP - Get Free Report) posted its earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13, FiscalAI reports. The company had revenue of $110.12 million during the quarter, compared to analysts' expectations of $103.37 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%.

Viant Technology Stock Performance

DSP stock traded up $0.59 during midday trading on Wednesday, reaching $11.09. 323,738 shares of the company traded hands, compared to its average volume of 198,549. The firm has a market capitalization of $692.35 million, a price-to-earnings ratio of 100.83 and a beta of 1.05. Viant Technology has a 52-week low of $8.11 and a 52-week high of $16.25. The business has a 50 day moving average of $10.98 and a 200-day moving average of $10.27.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DSP shares. Rosenblatt Securities reissued a "buy" rating and set a $20.00 price objective on shares of Viant Technology in a report on Tuesday, November 11th. Loop Capital set a $14.50 target price on Viant Technology in a research report on Tuesday. Citizens Jmp dropped their price target on Viant Technology from $18.00 to $16.00 and set a "market outperform" rating for the company in a research note on Tuesday, November 11th. B. Riley Financial restated a "buy" rating and set a $16.50 price target (up from $14.50) on shares of Viant Technology in a report on Tuesday, November 11th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Viant Technology in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $18.06.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 13,477 shares of the business's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $11.70, for a total transaction of $157,680.90. Following the transaction, the chief financial officer owned 409,778 shares of the company's stock, valued at approximately $4,794,402.60. The trade was a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Christopher Vanderhook sold 9,102 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.70, for a total value of $106,493.40. Following the sale, the chief operating officer owned 347,182 shares in the company, valued at $4,062,029.40. The trade was a 2.55% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 155,123 shares of company stock worth $1,729,594. 28.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

Several institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in Viant Technology by 86.9% in the 4th quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company's stock worth $32,000 after acquiring an additional 1,228 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Viant Technology by 620.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company's stock valued at $35,000 after acquiring an additional 2,483 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Viant Technology by 433.7% during the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company's stock valued at $69,000 after acquiring an additional 6,454 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Viant Technology in the third quarter valued at approximately $100,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Viant Technology in the fourth quarter valued at approximately $105,000. Institutional investors own 11.38% of the company's stock.

Viant Technology Company Profile

Viant Technology Inc Nasdaq: DSP is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.

Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.

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