Viant Technology (NASDAQ: DSP – Get Rating) Zacks Investment Research lowered a “buy” rating to a “hold” rating in a research note released on Friday, Zacks.com reports.
According to Zacks, “Viant Technology Inc. is an advertising software company that enables marketers and their ad agencies to plan, buy, and measure their ads. A self-serve multi-channel advertising DSP, Adelphic(R), provides the execution of programmatic ad campaigns across desktop, mobile, and connected TV , linear television, streaming audio and digital billboards. Viant Technology Inc. is headquartered in IRVINE, California.”
Several other analysts have also issued reports on the DSP. Needham & Company LLC cut its price target on Viant Technology from $15.00 to $10.00 and assigned a “buy” rating to the stock in a report released on Friday, March 11th. JMP Securities dropped its price target on Viant Technology from $18.00 to $14.00 and assigned the company an “outperform to market” rating in a research note on Friday, March 11. Finally, Canaccord Genuity Group lowered its price target on Viant Technology from $14.00 to $10.00 and assigned a “buy” rating to the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and six analysts have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a target price of $16.61.
What is the highest stock you have ever owned? These stocks have gone up so fast over the years that they now bring us an average of 26%!
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Nasdaq: DSP traded down $0.05 during trading hours on Friday, reaching $5.48. 175,022 shares of the company’s stock were traded, compared to an average trading volume of 217,889. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.24 and a current ratio of 4.24. Viant Technology recorded a 12-month low of $5.17 and a 12-month high of $36.46. The 50-day moving average for the stock is $6.65 and the 200-day moving average is $8.51. The company has a market capitalization of $333.32 million, a price-earnings ratio of -8.56 and a beta of -0.24.
Viant Technology (NASDAQ: DSP – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.23) earnings per share for the quarter, below analyst consensus estimates of ($0.07) by ($0.16). Viant Technology had a negative return on equity of 14.05% and a negative net margin of 3.46%. During the same period in the previous year, the company reported ($0.27) earnings per share. On average, equity research analysts expect Viant Technology to report earnings per share of -0.14 for the current year.
In other news, Chief Financial Officer Larry Madden sold 21,628 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The stock sold for an average price of $6.08, with a total value of $131,498.24. The sale was disclosed on file with the SEC, which can be accessed through this hyperlink.
Several large investors have recently bought and sold DSP shares. Morgan Stanley raised its stakes in Viant Technology by 20,490.0% in the second quarter. Morgan Stanley now owns 10,295 shares of the company’s stock, valued at $306,000, after purchasing an additional 1,245 shares during the period. Meeder Asset Management Inc. Its stakes in shares of Viant Technology increased by 101.0% in the 3rd quarter. Meeder Asset Management Inc. Now 13,221 shares of the company’s stock are valued at $162,000 after purchasing an additional 6,642 shares during this period. BlackRock raised its stake in Viant Technology by 3.2% during the third quarter. BlackRock now owns 712,407 shares of the company’s stock, valued at $8,706,000, after acquiring an additional 22,259 shares during this period. Massachusetts MA Financial Services acquired a new stake in Viant Technology during the third quarter valued at $207,000. Finally, Goldman Sachs Group Inc. A new stake in Viant Technology during the third quarter valued at $157,000. 14.52% of the shares are currently owned by institutional investors.
About Viant Technology (Get Rating)
Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their ad agencies to plan, buy and measure ads across channels, including desktop, mobile, linear, connected, in-game TV, streaming audio, and digital billboards.
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