In yesterday’s Wall Street session, Viant Technology Inc. (NASDAQ:DSP) shares traded at $4.60, down -0.65% from the previous session.
7 analysts cover Viant Technology Inc. (NASDAQ:DSP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.50 and a low of $6.00, we find $6.00. Given the previous closing price of $4.63, this indicates a potential upside of 29.59 percent. DSP stock price is now 18.08% away from the 50-day moving average and -5.72% away from the 200-day moving average. The market capitalization of the company currently stands at $273.79M.
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The stock has received a hold rating from 3 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $6.42 as their price target over the next twelve months.
With the price target of $7, Craig Hallum recently initiated with Buy rating for Viant Technology Inc. (NASDAQ: DSP)., while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’.
In other news, MADDEN LARRY, Chief Financial Officer sold 21,628 shares of the company’s stock on Mar 14. The stock was sold for $131,498 at an average price of $6.08. Upon completion of the transaction, the Chief Financial Officer now directly owns 377,663 shares in the company, valued at $1.74 million. Insiders disposed of 71,980 shares of company stock worth roughly $0.33 million over the past 1 year. A total of 4.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DSP stock. A new stake in Viant Technology Inc. shares was purchased by DIMENSIONAL FUND ADVISORS LP during the first quarter worth $48,000. AMALGAMATED FINANCIAL CORP. invested $9,000 in shares of DSP during the first quarter. In the first quarter, FEDERATED HERMES, INC. acquired a new stake in Viant Technology Inc. valued at approximately $1,000. In total, there are 104 active investors with 57.10% ownership of the company’s stock.
On Tuesday morning Viant Technology Inc. (NASDAQ: DSP) stock kicked off with the opening price of $4.6400. During the past 12 months, Viant Technology Inc. has had a low of $3.15 and a high of $8.64. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.20, and a quick ratio of 4.20. The fifty day moving average price for DSP is $3.8956 and a two-hundred day moving average price translates $4.8790 for the stock.
The latest earnings results from Viant Technology Inc. (NASDAQ: DSP) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.24, missing analysts’ expectations of -$0.2 by -0.04. This compares to -$0.97 EPS in the same period last year. The net profit margin was -3.60% and return on equity was -13.70% for DSP. The company reported revenue of $48.83 million for the quarter, compared to $50.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.99 percent. For the current quarter, analysts expect DSP to generate $48.69M in revenue.
Viant Technology Inc.(DSP) Company Profile
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. The company also offers Holistic, an omnichannel demand side platform for marketers and their agencies to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; Viant Household ID, a household profile, which provides household insights for optimized bid decisions and touchpoint collection across consumer pathways, as well as offers holistic targeting and measurement across channels; World Without Cookies software to manage reach and frequency at the household level; and Viant Identity Graph, which reduces or eliminates the need for cookies by enabling matching of people-based identifiers that anchor digital identifiers that allows marketers to reach targeted consumers in a privacy-conscious manner. In addition, it provides Data lake, a software and self-service enables customers with differentiated insights, including conversion lift, multi-touch attribution, foot-traffic data reports, digital-out-of-home lift, sales reporting, and ROAS analytics; onboarding data integrations provides marketers with high match rates to audience insights for segmentation, targeting, and measuring outcomes; and self-service interface that provides customers with transparency and control over their advertising campaigns and underlying data infrastructure. The company sells its platform through a direct sales team focused on business development in various markets. It serves purchasers of programmatic advertising inventory; and large, independent, and mid-market advertising agencies. The company was founded in 1999 and is headquartered in Irvine, California.
