B. Riley Reiterates Buy Rating for Viant Technology (NASDAQ:DSP)

Viant Technology (NASDAQ:DSP)‘s stock had its “buy” rating reissued by analysts at B. Riley in a report released on Tuesday,Benzinga reports. They presently have a $16.50 price objective on the stock, up from their previous price objective of $14.50. B. Riley’s price target indicates a potential upside of 51.93% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. 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. Raymond James Financial dropped their target price on shares of Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Tuesday, August 12th. JMP Securities reduced their price target on shares of Viant Technology from $24.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Tuesday, August 12th. Citigroup reiterated a “market outperform” rating on shares of Viant Technology in a research note on Tuesday. Finally, Canaccord Genuity Group dropped their price objective on shares of Viant Technology from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Viant Technology currently has an average rating of “Buy” and a consensus target price of $19.44.

Viant Technology Stock Up 3.6%

NASDAQ:DSP opened at $10.86 on Tuesday. The company has a market cap of $683.65 million, a P/E ratio of 98.74 and a beta of 1.07. Viant Technology has a fifty-two week low of $8.11 and a fifty-two week high of $26.33. The firm’s 50 day moving average is $9.01 and its two-hundred day moving average is $11.67.

Viant Technology (NASDAQ:DSP) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). The company had revenue of $85.58 million for the quarter, compared to analysts’ expectations of $85.54 million. Viant Technology had a net margin of 0.57% and a negative return on equity of 5.00%. Viant Technology has set its Q4 2025 guidance at EPS. Research analysts forecast that Viant Technology will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 13,006 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total value of $126,548.38. Following the completion of the sale, the chief financial officer owned 423,255 shares of the company’s stock, valued at $4,118,271.15. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher Vanderhook sold 8,782 shares of Viant Technology stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $9.73, for a total transaction of $85,448.86. Following the sale, the chief operating officer owned 356,284 shares in the company, valued at $3,466,643.32. This represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 29.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in shares of 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 acquiring an additional 1,056 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Viant Technology by 4.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 27,121 shares of the company’s stock valued at $359,000 after purchasing an additional 1,109 shares in the last quarter. Huntleigh Advisors Inc. grew its stake in Viant Technology by 5.8% during the 2nd quarter. Huntleigh Advisors Inc. now owns 23,708 shares of the company’s stock valued at $314,000 after purchasing an additional 1,290 shares in the last quarter. Martingale Asset Management L P increased its holdings in Viant Technology by 4.9% during the 1st quarter. Martingale Asset Management L P now owns 28,353 shares of the company’s stock worth $352,000 after purchasing an additional 1,337 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Viant Technology by 4.5% in the 3rd quarter. Strs Ohio now owns 39,300 shares of the company’s stock valued at $339,000 after purchasing an additional 1,700 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other 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.