Canaccord Genuity Group Increases Viant Technology (NASDAQ:DSP) Price Target to $13.00

Viant Technology (NASDAQ:DSP) had its price objective raised by equities research analysts at Canaccord Genuity Group from $11.00 to $13.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 8.33% from the stock’s previous close.

Separately, Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective on shares of Viant Technology in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.20.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded up $0.10 during trading hours on Friday, hitting $12.00. The company’s stock had a trading volume of 13,223 shares, compared to its average volume of 123,365. Viant Technology has a 52 week low of $4.98 and a 52 week high of $12.36. The company has a market capitalization of $761.94 million, a price-to-earnings ratio of -100.25 and a beta of 0.74. The firm’s fifty day moving average price is $10.77 and its 200 day moving average price is $10.12.

Viant Technology (NASDAQ:DSP) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $41.56 million during the quarter, compared to the consensus estimate of $41.10 million. Viant Technology had a negative net margin of 0.33% and a negative return on equity of 7.39%. On average, equities research analysts predict that Viant Technology will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64. Following the sale, the chief financial officer now owns 529,848 shares of the company’s stock, valued at approximately $5,950,193.04. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 8,921 shares of company stock worth $99,315 in the last 90 days. 28.80% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $47,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $84,000. Summit Global Investments purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $111,000. Mackenzie Financial Corp purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $112,000. Finally, Algert Global LLC purchased a new stake in shares of Viant Technology in the 2nd quarter valued at $128,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.