Fintel reports that on November 13, 2024, Canaccord Genuity upgraded their outlook for Viant Technology (NasdaqGS:DSP) from Hold to Buy.
Analyst Price Forecast Suggests 20.47% Downside
As of October 22, 2024, the average one-year price target for Viant Technology is $13.09/share. The forecasts range from a low of $12.12 to a high of $14.70. The average price target represents a decrease of 20.47% from its latest reported closing price of $16.46 / share.
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The projected annual revenue for Viant Technology is 249MM, a decrease of 5.60%. The projected annual non-GAAP EPS is -0.28.
What is the Fund Sentiment?
There are 192 funds or institutions reporting positions in Viant Technology. This is an increase of 17 owner(s) or 9.71% in the last quarter. Average portfolio weight of all funds dedicated to DSP is 0.03%, an increase of 39.89%. Total shares owned by institutions increased in the last three months by 5.79% to 9,528K shares. 
The put/call ratio of DSP is 0.06, indicating a bullish outlook.
What are Other Shareholders Doing?
BlackRock holds 1,140K shares representing 7.01% ownership of the company.
Royce & Associates holds 923K shares representing 5.68% ownership of the company. In its prior filing, the firm reported owning 976K shares , representing a decrease of 5.72%. The firm increased its portfolio allocation in DSP by 3.16% over the last quarter.
ROFCX - Royce Opportunity Fund Consultant Class holds 596K shares representing 3.66% ownership of the company. In its prior filing, the firm reported owning 625K shares , representing a decrease of 4.90%. The firm decreased its portfolio allocation in DSP by 6.91% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 487K shares representing 3.00% ownership of the company. No change in the last quarter.
Segall Bryant & Hamill holds 448K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 445K shares , representing an increase of 0.65%. The firm decreased its portfolio allocation in DSP by 13.18% over the last quarter.
Viant Technology Background Information
(This description is provided by the company.)
Viant® is a leading people-based advertising software company that enables marketers and their agencies to centralize the planning, buying and measurement of their advertising investments across most channels. Viant’s self-service Demand Side Platform (DSP), Adelphic®, is an enterprise software platform enabling marketers to execute programmatic advertising campaigns across Connected TV, Linear TV, mobile, desktop, audio and digital out-of-home channels. Viant’s Identity Resolution capabilities have linked 115 million U.S. households to more than 1 billion connected devices and is combined with access to more than 280,000 audience attributes from more than 70 people-based data partners. Viant is an Advertising Age 2021 Best Places to Work award winner and Adelphic is featured on AdExchanger’s 2021 Programmatic Power Players list.
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