Viant Technology Inc. (NASDAQ:DSP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.83.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research report on Monday, May 20th.

Hedge Funds Weigh In On Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC boosted its stake in Viant Technology by 3.8% during the first quarter. Kennedy Capital Management LLC now owns 42,970 shares of the company’s stock worth $458,000 after buying an additional 1,562 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Viant Technology by 39.0% during the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after purchasing an additional 20,668 shares during the period. Heron Bay Capital Management bought a new position in Viant Technology during the 1st quarter valued at about $243,000. Acadian Asset Management LLC raised its position in Viant Technology by 379.0% in the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after purchasing an additional 14,835 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in Viant Technology by 4.4% in the first quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after purchasing an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $10.62 on Monday. The firm has a market cap of $674.26 million, a price-to-earnings ratio of -88.50 and a beta of 0.74. The firm has a fifty day moving average price of $9.56 and a 200 day moving average price of $9.04. Viant Technology has a fifty-two week low of $4.36 and a fifty-two week high of $11.63.

Viant Technology (NASDAQ:DSP) last released its quarterly earnings data on Tuesday, April 30th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.07). The company had revenue of $34.12 million for the quarter, compared to the consensus estimate of $34.10 million. Viant Technology had a negative net margin of 0.81% and a negative return on equity of 6.41%. As a group, research analysts predict that Viant Technology will post -0.34 earnings per share for the current year.

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.