Viant Technology Inc. (NASDAQ:DSP – Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 162,525 shares changed hands during mid-day trading, an increase of 18% from the previous session’s volume of 137,824 shares.The stock last traded at $10.05 and had previously closed at $9.72.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on DSP shares. Craig Hallum upped their target price on Viant Technology from $8.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Raymond James raised their target price on shares of Viant Technology from $7.00 to $10.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. UBS Group lifted their target price on shares of Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a research report on Wednesday, May 1st. Finally, Canaccord Genuity Group lifted their price objective on shares of Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Viant Technology presently has an average rating of “Moderate Buy” and an average price target of $10.83.
Get Our Latest Analysis on Viant Technology
Viant Technology Stock Performance
The company’s 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $8.11. The stock has a market cap of $646.96 million, a price-to-earnings ratio of -84.92 and a beta of 0.69.
Viant Technology (NASDAQ:DSP – Get Free Report) last posted its quarterly earnings results on Monday, March 4th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The company had revenue of $42.60 million during the quarter, compared to analyst estimates of $42.10 million. Viant Technology had a negative return on equity of 6.41% and a negative net margin of 0.81%. On average, equities research analysts predict that Viant Technology Inc. will post -0.34 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Viant Technology
Institutional investors have recently made changes to their positions in the company. EAM Investors LLC acquired a new position in Viant Technology in the third quarter worth approximately $1,354,000. Quadrature Capital Ltd increased its stake in shares of Viant Technology by 509.4% during the 3rd quarter. Quadrature Capital Ltd now owns 88,019 shares of the company’s stock worth $491,000 after purchasing an additional 73,576 shares during the last quarter. G2 Investment Partners Management LLC raised its holdings in shares of Viant Technology by 11.6% during the 4th quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock valued at $2,969,000 after purchasing an additional 44,779 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Viant Technology in the 4th quarter valued at $260,000. Finally, Potomac Capital Management Inc. boosted its holdings in Viant Technology by 12.4% in the third quarter. Potomac Capital Management Inc. now owns 302,648 shares of the company’s stock worth $1,695,000 after purchasing an additional 33,486 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors and hedge funds.
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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