Key Points
- Capital Llc sold 15,000 shares of Viant Technology at an average price of $10.89, totaling $163,350. The sale reduced its ownership by 40% and was made under a pre-arranged Rule 10b5-1 trading plan.
- Viant Technology recently reported mixed quarterly results, posting EPS of -$0.03 versus the expected $0.08, while revenue of $88.54 million came in well above estimates. Analysts now expect the company to post -0.12 EPS for the current year.
- Wall Street remains mostly bullish on DSP, with an average analyst rating of “Buy” and a consensus price target of $18.00. Recent calls included buy and strong-buy ratings, though a few firms issued downgrades.
Viant Technology Inc. (NASDAQ:DSP - Get Free Report) COO Christopher Vanderhook sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $10.79, for a total value of $26,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Christopher Vanderhook also recently made the following trade(s):
- On Tuesday, May 19th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $10.89, for a total value of $54,450.00.
- On Thursday, March 19th, Christopher Vanderhook sold 2,920 shares of Viant Technology stock. The stock was sold at an average price of $11.42, for a total value of $33,346.40.
- On Tuesday, March 17th, Christopher Vanderhook sold 5,000 shares of Viant Technology stock. The stock was sold at an average price of $11.80, for a total value of $59,000.00.
Viant Technology Stock Performance
NASDAQ:DSP opened at $11.00 on Friday. The stock's 50 day moving average price is $11.04 and its 200 day moving average price is $10.93. Viant Technology Inc. has a 52 week low of $8.11 and a 52 week high of $15.18. The company has a market capitalization of $696.85 million, a P/E ratio of 30.56 and a beta of 1.00.
Viant Technology (NASDAQ:DSP - Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.11). Viant Technology had a return on equity of 2.40% and a net margin of 2.51%.The firm had revenue of $88.54 million during the quarter, compared to analyst estimates of $50.13 million. As a group, sell-side analysts forecast that Viant Technology Inc. will post -0.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on DSP. Loop Capital set a $14.50 price target on Viant Technology in a report on Tuesday, March 10th. DA Davidson increased their price target on Viant Technology from $16.00 to $16.50 and gave the company a "buy" rating in a report on Tuesday, May 12th. Rosenblatt Securities reiterated a "buy" rating and set a $20.00 price target on shares of Viant Technology in a report on Thursday, April 16th. Wall Street Zen downgraded Viant Technology from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, B. Riley Financial increased their price target on Viant Technology from $17.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Viant Technology has a consensus rating of "Buy" and an average target price of $18.00.
Get Our Latest Research Report on Viant Technology
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of DSP. Russell Investments Group Ltd. lifted its position in Viant Technology by 86.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,641 shares of the company's stock worth $32,000 after purchasing an additional 1,228 shares during the period. CWM LLC lifted its position in Viant Technology by 431.0% in the fourth quarter. CWM LLC now owns 2,793 shares of the company's stock worth $34,000 after purchasing an additional 2,267 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Viant Technology by 620.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,883 shares of the company's stock worth $35,000 after purchasing an additional 2,483 shares during the period. State of Alaska Department of Revenue bought a new position in Viant Technology in the fourth quarter worth $64,000. Finally, BNP Paribas Financial Markets lifted its position in Viant Technology by 433.7% in the third quarter. BNP Paribas Financial Markets now owns 7,942 shares of the company's stock worth $69,000 after purchasing an additional 6,454 shares during the period. 11.38% of the stock is owned by institutional investors.
Viant Technology Company Profile
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Get Free Report)
Viant Technology Inc (Nasdaq: DSP) is a software-as-a-service (SaaS) advertising technology company that delivers data-driven solutions to marketers and agencies. Its core offering, Adelphic, is a programmatic demand-side platform (DSP) that empowers clients to plan, execute and optimize digital ad campaigns across desktop, mobile, connected TV and other emerging channels.
Complementing its DSP, Viant offers PeopleCloud, a people-based data management platform (DMP) that aggregates and normalizes first- and third-party audience data.
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