Viant Technology (NASDAQ:DSP) Shares Gap Up to $9.42

Viant Technology Inc. (NASDAQ:DSP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $9.42, but opened at $9.65. Viant Technology shares last traded at $9.60, with a volume of 12,888 shares.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research note on Monday, May 20th. UBS Group upped their target price on shares of Viant Technology from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Craig Hallum boosted their price target on shares of Viant Technology from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Canaccord Genuity Group boosted their price target on shares of Viant Technology from $8.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.83.

Viant Technology Trading Up 1.5 %

The firm’s fifty day simple moving average is $9.14 and its 200 day simple moving average is $8.71.

Viant Technology (NASDAQ:DSP) last issued its earnings results on Tuesday, April 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.07). Viant Technology had a negative net margin of 0.81% and a negative return on equity of 6.41%. The company had revenue of $34.12 million during the quarter, compared to analyst estimates of $34.10 million. Equities analysts forecast that Viant Technology Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Viant Technology

A number of large investors have recently bought and sold shares of DSP. Barclays PLC boosted its stake in Viant Technology by 357.3% during the 3rd quarter. Barclays PLC now owns 19,801 shares of the company’s stock worth $111,000 after purchasing an additional 15,471 shares during the period. Acadian Asset Management LLC boosted its stake in Viant Technology by 379.0% during the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after purchasing an additional 14,835 shares during the period. Heron Bay Capital Management acquired a new stake in Viant Technology during the 1st quarter worth $243,000. Bailard Inc. acquired a new stake in Viant Technology during the 4th quarter worth $260,000. Finally, GSA Capital Partners LLP boosted its stake in Viant Technology by 4.4% during the 1st quarter. GSA Capital Partners LLP now owns 40,430 shares of the company’s stock worth $431,000 after purchasing an additional 1,699 shares during the period. 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.