Viant Technology Inc. (NASDAQ:DSP) Given Average Recommendation of “Hold” by Analysts

Posted by on May 17th, 2023

Shares of Viant Technology Inc. (NASDAQ:DSP – Get Rating) have earned an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $6.36.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $7.50 target price on shares of Viant Technology in a research note on Friday, March 3rd. JMP Securities reissued a “market outperform” rating and set a $6.00 price objective on shares of Viant Technology in a research note on Thursday, March 16th.

Viant Technology Stock Performance

Shares of DSP opened at $4.51 on Wednesday. The stock has a 50-day moving average of $4.33 and a two-hundred day moving average of $4.22. Viant Technology has a one year low of $3.15 and a one year high of $6.55. The stock has a market cap of $280.28 million, a P/E ratio of -5.78 and a beta of 0.31.

Viant Technology (NASDAQ:DSP – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $33.38 million during the quarter, compared to analysts’ expectations of $33.80 million. Viant Technology had a negative net margin of 6.04% and a negative return on equity of 4.42%. Analysts predict that Viant Technology will post -0.34 EPS for the current fiscal year.

Institutional Trading of Viant Technology

Several hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its stake in Viant Technology by 252.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock valued at $36,000 after acquiring an additional 1,808 shares during the period. UBS Group AG boosted its stake in Viant Technology by 179.2% in the first quarter. UBS Group AG now owns 6,215 shares of the company’s stock worth $27,000 after buying an additional 3,989 shares in the last quarter. Deutsche Bank AG boosted its stake in Viant Technology by 78.3% in the first quarter. Deutsche Bank AG now owns 8,796 shares of the company’s stock worth $38,000 after buying an additional 3,862 shares in the last quarter. Barclays PLC boosted its stake in Viant Technology by 67.1% in the first quarter. Barclays PLC now owns 8,887 shares of the company’s stock worth $38,000 after buying an additional 3,570 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in Viant Technology in the second quarter worth approximately $52,000. Institutional investors own 13.13% of the company’s stock.

About Viant Technology

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Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards.

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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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