With 67.69% Distance From Low, Is Viant Technology Inc (NASDAQ:DSP) Still Renewed For Growth?

In last trading session, Viant Technology Inc (NASDAQ:DSP) saw 0.42 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $19.53 trading at -$0.6 or -2.98% at ring of the bell on the day assigns it a market valuation of $1.23B. That closing price of DSP’s stock is at a discount of -11.32% from its 52-week high price of $21.74 and is indicating a premium of 67.69% from its 52-week low price of $6.31. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.25 million shares which gives us an average trading volume of 168.69K if we extend that period to 3-months.

For Viant Technology Inc (DSP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.14. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Viant Technology Inc (NASDAQ:DSP) trade information

Upright in the red during last session for losing -2.98%, in the last five days DSP remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $19.53 price level, adding 8.09% to its value on the day. Viant Technology Inc’s shares saw a change of 183.45% in year-to-date performance and have moved -5.10% in past 5-day. Viant Technology Inc (NASDAQ:DSP) showed a performance of 7.25% in past 30-days. Number of shares sold short was 0.43 million shares which calculate 1.89 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 2.35% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 22. It follows that stock’s current price would jump 7.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.83% for stock’s current value.

Viant Technology Inc (DSP) estimates and forecasts

Statistics highlight that Viant Technology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 113.91% of value to its shares in past 6 months, showing an annual growth rate of 80.77% while that of industry is 16.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 12.19% during past 5 years.

Viant Technology Inc (NASDAQ:DSP)’s Major holders

Insiders are in possession of 7.22% of company’s total shares while institution are holding 53.91 percent of that, with stock having share float percentage of 58.11%. Investors also watch the number of corporate investors in a company very closely, which is 53.91% institutions for Viant Technology Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at DSP for having 1.11 million shares of worth $10.91 million. And as of 2024-06-30, it was holding 6.9336 of the company’s outstanding shares.

The second largest institutional holder is ROYCE & ASSOCIATES LP, which was holding about 0.98 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.1189 of outstanding shares, having a total worth of $9.63 million.