Viant Technology (NASDAQ:DSP) Price Target Raised to $13.00 at Canaccord Genuity Group

Viant Technology (NASDAQ:DSP) had its price target increased by Canaccord Genuity Group from $11.00 to $13.00 in a research note released on Friday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Viant Technology presently has a consensus rating of “Moderate Buy” and an average price target of $12.20.

Viant Technology Stock Performance

Shares of DSP stock opened at $11.86 on Friday. Viant Technology has a fifty-two week low of $5.00 and a fifty-two week high of $12.36. The company has a 50 day moving average price of $10.86 and a 200 day moving average price of $10.12. The stock has a market capitalization of $753.05 million, a P/E ratio of -98.83 and a beta of 0.74.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $41.56 million during the quarter, compared to analyst estimates of $41.10 million. Viant Technology had a negative return on equity of 7.39% and a negative net margin of 0.33%. On average, research analysts forecast that Viant Technology will post -0.37 EPS for the current fiscal year.

Insider Buying and Selling at Viant Technology

In related news, CFO Larry Madden sold 2,768 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the transaction, the chief financial officer now directly owns 529,848 shares of the company’s stock, valued at $5,950,193.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 8,921 shares of company stock worth $99,315 over the last ninety days. Corporate insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its position in Viant Technology by 4.4% during the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after buying an additional 1,699 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Viant Technology by 379.0% in the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after acquiring an additional 14,835 shares during the period. Heron Bay Capital Management purchased a new stake in Viant Technology in the 1st quarter valued at $243,000. Quadrature Capital Ltd raised its position in Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after purchasing an additional 20,668 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in Viant Technology by 3.8% during the 1st quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after purchasing an additional 1,562 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Company Profile

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.