Viant Technology (NASDAQ:DSP) Price Target Raised to $15.50

Viant Technology (NASDAQ:DSP) had its target price upped by DA Davidson from $15.00 to $15.50 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on DSP. Wall Street Zen cut shares of Viant Technology from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. JMP Securities dropped their price objective on shares of Viant Technology from $24.00 to $18.00 and set a “market outperform” rating for the company in a report on Tuesday, August 12th. Raymond James Financial reduced their target price on Viant Technology from $20.00 to $19.00 and set a “strong-buy” rating on the stock in a report on Tuesday, August 12th. Canaccord Genuity Group dropped their price target on Viant Technology from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Finally, B. Riley restated a “buy” rating and set a $16.50 price target (up previously from $14.50) on shares of Viant Technology in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $19.44.

Viant Technology Trading Down 3.9%

NASDAQ:DSP opened at $10.44 on Tuesday. The stock has a 50-day moving average price of $9.02 and a 200 day moving average price of $11.66. The stock has a market capitalization of $657.20 million, a P/E ratio of 94.92 and a beta of 1.07. Viant Technology has a 12-month low of $8.11 and a 12-month high of $26.33.

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

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in shares of Viant Technology in the third quarter valued at $31,000. AlphaQuest LLC grew its holdings in Viant Technology by 287.6% during the 2nd quarter. AlphaQuest LLC now owns 4,640 shares of the company’s stock valued at $61,000 after purchasing an additional 3,443 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Viant Technology by 433.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company’s stock valued at $69,000 after purchasing an additional 6,454 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Viant Technology in the 2nd quarter worth about $75,000. Finally, Franklin Resources Inc. bought a new stake in Viant Technology in the third quarter worth about $100,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.