Viant Technology (NASDAQ:DSP) Shares Up 4.7%

Viant Technology Inc. (NASDAQ:DSP) shot up 4.7% during mid-day trading on Monday . The stock traded as high as $8.74 and last traded at $8.72. 33,199 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 125,426 shares. The stock had previously closed at $8.33.

Analysts Set New Price Targets

Several research firms recently issued reports on DSP. Canaccord Genuity Group upped their target price on Viant Technology from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, March 5th. Craig Hallum upped their target price on Viant Technology from $8.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. UBS Group upped their price target on shares of Viant Technology from $8.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Raymond James lifted their price objective on Viant Technology from $7.00 to $10.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Needham & Company LLC lifted their price objective on Viant Technology from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.83.

Viant Technology Stock Performance

The stock has a 50 day simple moving average of $9.59 and a two-hundred day simple moving average of $7.80. The firm has a market cap of $552.28 million, a PE ratio of -38.22 and a beta of 0.63.

Viant Technology (NASDAQ:DSP) last posted its earnings results on Monday, March 4th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). Viant Technology had a negative net margin of 1.54% and a negative return on equity of 5.84%. The business had revenue of $42.60 million for the quarter, compared to analyst estimates of $42.10 million. Equities research analysts forecast that Viant Technology Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently modified their holdings of the business. G2 Investment Partners Management LLC grew its position 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 acquiring an additional 44,779 shares during the period. Bailard Inc. acquired a new stake in shares of Viant Technology during the 4th quarter valued at about $260,000. Quadrature Capital Ltd grew its position 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 valued at $491,000 after acquiring an additional 73,576 shares during the period. Potomac Capital Management Inc. boosted its holdings in Viant Technology by 12.4% in the 3rd quarter. Potomac Capital Management Inc. now owns 302,648 shares of the company’s stock worth $1,695,000 after buying an additional 33,486 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in Viant Technology in the 3rd quarter worth about $1,354,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

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.