Viant Technology (NASDAQ:DSP) Upgraded by Zacks Investment Research to Buy


Viant Technology (NASDAQ:DSPGet Ranking) was upgraded by Zacks Financial commitment Research from a “hold” score to a “buy” score in a report released on Monday, experiences. The brokerage presently has a $7.25 focus on value on the inventory. Zacks Expenditure Investigate‘s rate objective implies a possible upside of .83% from the company’s current price.

In accordance to Zacks, “Viant Technological know-how Inc. is an promoting program business which allows marketers and their promoting organizations to plan, purchase and measure their promoting. Its self-services DSP for omnichannel promoting, Adelphic(R), presents execute programmatic advertising and marketing campaigns throughout desktop, mobile, related Television set, linear Television set, streaming audio and electronic billboards. Viant Technological know-how Inc. is primarily based in IRVINE, Calif. “

Quite a few other equities analysts also lately weighed in on the stock. JMP Securities lessened their value target on shares of Viant Know-how from $18.00 to $14.00 and established a “market outperform” score on the inventory in a analysis be aware on Friday, March 11th. Canaccord Genuity Team reduced their selling price concentrate on on shares of Viant Technological know-how from $22.00 to $18.00 and set a “buy” rating on the stock in a analysis observe on Friday, March 11th. Ultimately, Needham & Business LLC reduced their cost goal on shares of Viant Technological innovation from $15.00 to $10.00 and set a “buy” rating on the stock in a study observe on Friday, March 11th. Seven analysts have rated the stock with a acquire score, According to MarketBeat, the stock at this time has a consensus rating of “Buy” and a consensus value concentrate on of $17.75.

Shares of NASDAQ DSP traded up $.61 all through buying and selling on Monday, hitting $7.19. The organization experienced a buying and selling volume of 176,848 shares, as opposed to its typical quantity of 200,358. The inventory has a fifty working day basic going ordinary of $7.33 and a two-hundred day uncomplicated transferring ordinary of $9.54. Viant Engineering has a fifty-two 7 days very low of $5.60 and a fifty-two week superior of $50.13. The organization has a market capitalization of $437.32 million, a price tag-to-earnings ratio of -10.57 and a beta of -.25. The firm has a rapid ratio of 4.24, a existing ratio of 4.24 and a financial debt-to-equity ratio of .06.

Viant Engineering (NASDAQ:DSPGet Score) previous declared its earnings effects on Thursday, March 10th. The corporation claimed $.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $.05 by $.06. Viant Engineering had a adverse web margin of 3.45% and a negative return on fairness of 14.21%. Throughout the similar interval past yr, the small business attained $12.86 EPS. On average, analysts anticipate that Viant Technological innovation will write-up .22 earnings for each share for the existing yr.

In other news, CFO Larry Madden bought 21,628 shares of the company’s inventory in a transaction dated Monday, March 14th. The shares were being marketed at an regular rate of $6.08, for a complete price of $131,498.24. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is readily available via this hyperlink.

A variety of hedge cash and other institutional buyers have recently bought and offered shares of DSP. Point72 Hong Kong Ltd obtained a new situation in Viant Know-how in the 3rd quarter valued at about $28,000. Citigroup Inc. elevated its holdings in Viant Know-how by 136.7% in the fourth quarter. Citigroup Inc. now owns 2,982 shares of the company’s inventory valued at $29,000 following purchasing an added 1,722 shares in the last quarter. Two Sigma Advisers LP ordered a new place in Viant Technologies in the third quarter valued at about $153,000. Goldman Sachs Group Inc. acquired a new place in Viant Know-how in the 3rd quarter valued at about $157,000. Eventually, Meeder Asset Administration Inc. amplified its holdings in Viant Technological innovation by 101.% in the third quarter. Meeder Asset Management Inc. now owns 13,221 shares of the company’s inventory valued at $162,000 after obtaining an extra 6,642 shares in the very last quarter. 14.55% of the inventory is owned by hedge cash and other institutional traders.

Viant Technological know-how Organization Profile (Get Rating)

Viant Technology Inc operates as an promotion computer software firm. It supplies Adelphic, an organization application platform that enables marketers and their promotion companies to system, get, and evaluate advertising throughout channels, which includes desktop, mobile, related and linear Tv set, in-match, streaming audio, and electronic billboards.

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