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

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

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

Viant Technology Stock Down 0.4 %

DSP opened at $11.85 on Friday. The firm has a market cap of $752.42 million, a price-to-earnings ratio of -98.75 and a beta of 0.74. Viant Technology has a fifty-two week low of $4.98 and a fifty-two week high of $12.36. The company’s 50-day moving average price is $10.81 and its 200 day moving average price is $10.13.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $41.56 million for 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%. Research analysts anticipate that Viant Technology will post -0.37 earnings per share for the current year.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the sale, the chief financial officer now owns 529,848 shares in the company, valued at approximately $5,950,193.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 8,921 shares of company stock worth $99,315. 28.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Viant Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock valued at $1,769,000 after acquiring an additional 6,064 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Viant Technology during the second quarter worth approximately $1,387,000. Quadrature Capital Ltd boosted its holdings in Viant Technology by 39.0% during the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after buying an additional 20,668 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in Viant Technology by 42.8% during the second quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock worth $721,000 after buying an additional 21,888 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors.

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.