Viant Technology (DSP) Projected to Post Earnings on Monday

Viant Technology (NASDAQ:DSP) is anticipated to announce its earnings results after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of $0.23 per share and revenue of $83.97 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Viant Technology Trading Down 3.6 %

DSP opened at $19.99 on Friday. Viant Technology has a 1-year low of $7.77 and a 1-year high of $26.33. The company has a market capitalization of $1.26 billion, a PE ratio of 333.22 and a beta of 1.00. The firm’s 50 day simple moving average is $20.73 and its two-hundred day simple moving average is $16.05.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This trade represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the transaction, the director now directly owns 63,452 shares of the company’s stock, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,352 shares of company stock valued at $1,030,720. Corporate insiders own 28.80% of the company’s stock.

Wall Street Analyst Weigh In

DSP has been the topic of several recent analyst reports. JMP Securities raised their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Needham & Company LLC raised their price objective on shares of Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Scotiabank initiated coverage on shares of Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective on the stock. Finally, Canaccord Genuity Group raised their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Viant Technology has an average rating of “Buy” and a consensus target price of $20.29.

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.