Needham & Company LLC Raises Viant Technology (NASDAQ:DSP) Price Target to $10.00

Viant Technology (NASDAQ:DSPFree Report) had its target price lifted by Needham & Company LLC from $7.50 to $10.00 in a research report sent to investors on Tuesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. UBS Group cut their price objective on Viant Technology from $8.00 to $7.00 and set a buy rating on the stock in a report on Thursday, November 2nd. Raymond James raised Viant Technology from a market perform rating to an outperform rating and set a $7.00 target price on the stock in a report on Tuesday, October 31st.

Get Our Latest Report on Viant Technology

Viant Technology Stock Up 0.1 %

DSP stock traded up $0.01 during midday trading on Tuesday, hitting $8.36. The stock had a trading volume of 36,519 shares, compared to its average volume of 71,473. The stock has a 50-day simple moving average of $6.84 and a 200 day simple moving average of $5.98. Viant Technology has a 52 week low of $3.66 and a 52 week high of $9.16.

Viant Technology (NASDAQ:DSPGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.26). Viant Technology had a negative return on equity of 4.94% and a negative net margin of 2.94%. The firm had revenue of $39.10 million during the quarter, compared to analyst estimates of $36.10 million. Analysts predict that Viant Technology will post -1.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSP. Advisor Group Holdings Inc. lifted its position in shares of Viant Technology by 252.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,524 shares of the company’s stock valued at $36,000 after acquiring an additional 1,808 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Viant Technology by 72.8% during the 1st quarter. JPMorgan Chase & Co. now owns 122,417 shares of the company’s stock worth $803,000 after buying an additional 51,594 shares during the last quarter. Raymond James & Associates lifted its position in shares of Viant Technology by 29.9% during the 1st quarter. Raymond James & Associates now owns 19,473 shares of the company’s stock worth $128,000 after buying an additional 4,481 shares during the last quarter. BlackRock Inc. lifted its position in shares of Viant Technology by 0.6% during the 1st quarter. BlackRock Inc. now owns 787,740 shares of the company’s stock worth $5,159,000 after buying an additional 4,741 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in shares of Viant Technology during the 1st quarter worth $92,000. 11.79% of the stock is owned by institutional investors and hedge funds.

About Viant Technology

(Get Free Report)

Viant Technology Inc operates as an advertising technology company. It provides Adelphic, a cloud-based demand side platform (DSP) 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.

See Also

Receive News & Ratings for Viant Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viant Technology and related companies with MarketBeat.com's FREE daily email newsletter.