Viant Technology (NASDAQ:DSP) Price Target Raised to $18.00 at Craig Hallum

Viant Technology (NASDAQ:DSP) had its price target lifted by stock analysts at Craig Hallum from $14.00 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s price target indicates a potential upside of 16.43% from the company’s previous close.

A number of other equities research analysts have also issued reports on DSP. Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $18.00 in a report on Wednesday. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $18.00 in a report on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.86.

Viant Technology Stock Up 0.4 %

NASDAQ DSP traded up $0.06 during trading on Wednesday, hitting $15.46. 56,280 shares of the stock traded hands, compared to its average volume of 124,195. The company has a market capitalization of $977.07 million, a P/E ratio of 256.71 and a beta of 0.72. The firm has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $10.53. Viant Technology has a 12-month low of $5.36 and a 12-month high of $16.97.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Viant Technology had a net margin of 0.47% and a negative return on equity of 5.69%. The company had revenue of $41.56 million during the quarter, compared to the consensus estimate of $41.10 million. As a group, research analysts predict that Viant Technology will post -0.37 EPS for the current fiscal year.

Insider Activity

In related news, CFO Larry Madden sold 2,768 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the completion of the transaction, the chief financial officer now owns 529,848 shares of the company’s stock, valued at approximately $5,950,193.04. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 10,419 shares of company stock valued at $116,647 in the last quarter. 28.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viant Technology

Large investors have recently bought and sold shares of the business. Federated Hermes Inc. increased its stake in Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after buying an additional 66,509 shares in the last quarter. Quadrature Capital Ltd increased its stake in 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 buying an additional 20,668 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in Viant Technology during the 2nd quarter worth approximately $1,387,000. Acadian Asset Management LLC increased its stake in Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Viant Technology during the 2nd quarter worth approximately $84,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.