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DSP

DSP US Stock
$30.9
Open: $31.91 High: $32.32 Low: $30.18 Close: $30.57
Range: 2021-05-06 - 2021-05-07
Volume: 254,164
Market: Closed
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DSP
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DSP News
Latest news about the DSP
  • Viant Enhances Contextual Targeting Capabilities With Peer39 Partnership

    Viant Technology announces the successful integration of Peer39's Advanced Contextual Data Marketplace into Viant's advertising software, Adelphic.

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  • Viant to Present at Upcoming Investor Conferences

    IRVINE, Calif., May 03, 2021 (GLOBE NEWSWIRE) -- Viant Technology Inc. (NASDAQ: DSP), a leading people-based advertising software company, today announced that members of its management team are scheduled to present at upcoming investor conferences. Details for each event are as follows: 16th Annual Needham Virtual Technology & Media ConferenceTuesday, May 18, 2021 at 2:15 pm ET Bank of America Global Technology ConferenceWednesday, June 9, 2021 at 2:30 pm ET The presentations will be webcast live on the investor relations section of Viant’s website at investors.viantinc.com. Replays of the presentations will be available on the website following the completion of each event. About ViantViant® 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 the Adelphic DSP is featured on AdExchanger’s 2021 Programmatic Power Players list. To learn more, visit viantinc.com and adelphic.com or follow us on Facebook, Twitter, Instagram, LinkedIn and YouTube. Investor Contact:investors@viantinc.com Media Contact:Karen Castillo-Paffkpaff@viantinc.com

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  • Needham Bets on These 3 Ad Tech Stocks

    The internet transformed advertising, and advertising, in turn, has impacted the net. From pop-up ads to pay-per-click to targeted advertising, finding and reaching the target audience – the raison d’etre for marketers and advertisers, has exploded and evolved in the digital age. And along with it has come an array of ad tech companies, specialists in the software and tools that brands and agencies are using in their online advertising – setting up, managing, and analyzing their digital campaigns, the results, and the data collected. The increasing use of smart devices – mainly smart phones and tablets, but running the range from laptop computers to smart watches – has been the main driver of the ad tech market’s expansion. That expansion is substantial. According to Verified Market Research, the ad tech software market reached $16.2 billion in 2018, barely missed a step in the corona crisis year, and is estimated to reach nearly $30 billion in 2026. Watching that explosive growth is Needham analyst Laura Martin – ranked by TipRanks in the top 1% among the Street’s stock watchers, and an expert on the tech sector. Martin has weighed in on some of the industry’s top companies. These are firms with Buy ratings from the Street – and Martin sees them with upside potentials starting at 30% and going up from there. Here are the details. The Trade Desk (TTD) Based in Ventura, California, The Trade Desk got its start in 2009. The company offers users a set of software platforms designed for online media buying, offering customers data, inventory, and publisher integrations, and facilitating custom development to meet users’ needs. Trade Desk’s platform lets digital advertisers and brand managers leverage their data for organic growth across the internet - on apps, podcasts, streaming TV, and ‘traditional’ websites. Even after slipping from its peak share value in the early part of this year, Trade Desk stock remains at high level - it is up 149% in the last 12 months. In February, the company reported its full-year 2020 results, showing $836 million in top-line revenue, a year-over-year increase of 26%. EPS for the year came in at $4.95, up 118% uptick from the year before. Two key metrics from the earnings report show the underpinning of Trade Desk’s revenue and income growth. The gross spend – how much advertising spent via Trade Desk’s platform – in 2020 reached $4.2 billion, a record for the company and an increase of 34% yoy. And, the company reported a 95% customer retention rate in the quarter. Trade Desk boasts that it has reported such high customer retention every quarter for the past 6 years. This isn’t to say that Trade Desk faces no headwinds. As noted above, the company’s stock is down since the beginning of the year – a fall that coincides with the beginning of Google’s planned phaseout of third-party cookies on the Chrome browser. These cookies, hated by web users as a violation of privacy, but beloved by advertisers as a massive source of data collection, have already been removed from the Firefox and Safari browsers. Google’s phaseout will remove them from most web surfing activity, and take a major tool away from digital ad tech. However, Martin believes the bullish case for TTD remains intact and actually thinks that as a leader of the "Open Internet," the company is poised to “take back market share from the “Walled Gardens (ie, FB, GOOGL, AMZN)” due to “better comparability, measurement, and the shift to CTV ad units.” “TTD represents a pure play on the fastest growing sector in advertising - digital ad growth, including connected TV advertising. TTD represents the 800 largest and most demanding ad agencies and global consumer brands, which is a meaningful barrier to entry,” the 5-star analyst further said. “TTD is the largest demand side platform (ie, buyer of ads) in the "Open Internet" at $4B of total ad spending on its platform in 2020 (about 10% of total open internet ad spending).” Along with her Buy rating, Martin gives TTD shares a one-year price target of $1,000, suggesting an upside of 37% for the stock. (To watch Martin’s track record, click here.) Overall, Trade Desk has a Moderate Buy rating from the analyst consensus, based on 15 recent reviews that include 10 Buys against 5 Holds. The stock is not cheap, selling for $729.31, but its $915.08 average price target implies an upside of 25% for the coming year. (See Trade Desk’s stock analysis at TipRanks.) Magnite (MGNI) The next stock on our list, Magnite, is a “new” company in the ad tech field – it was formed by the merger of two veterans. In 2020, Rubicon Project and Telaria combined, and the result, Magnite, has quickly become a big player in the ad tech industry. The company offers customers ad sell technology across a range of online formats, including desktop, mobile, audio, and streaming video. Magnite offers its users the ability reach their own customers – and potential customers – quickly and efficiently. Born of a merger, Magnite has recently grown through a merger. On April 30, the company closed its acquisition of SpotX, in a move that created the largest independent CTV and video advertising platform. The acquisition came with a total purchase price of $1.14 billion, of which $640 million was in cash and the remainder paid in 12.374 million shares of MGNI. Magnite will discuss the merger transaction when it reports 1Q21 results later this month. In the meantime, it’s instructive to look back at Magnite’s recent performance. In 4Q20, the company reported $82 million in revenue, a gain of 69% year-over-year, and up 34% from Q3. The company reported GAAP EPS of $0.05, beating the estimates by $0.02. Like Trade Desk above, Magnite shares have come under pressure in recent months, although the pullback has followed a massive run up – MGNI shares have appreciated by 458% over the past 12 months. Looking ahead, Martin sees the SpotX acquisition as the key here, writing, “Together MGNI + SpotX will represent the largest CTV and video ad platform (SSP) in programmatic. 67% of PF revs will be video revs (about half from CTV). By implication, MGNI will always be in the consideration set of SSPs for publishers that have video or CTV ad units to sell. Since digital markets are generally ‘winner take most’ markets, size begets size owing to data superiority. As data improves with scale, this creates a positive flywheel which puts smaller competitors at accelerating AI and data disadvantages.” Those comments back up Martin’s Buy rating on the stock. Her price target, $70, indicates her confidence in a robust 74% one-year upside potential. Wall Street’s analysts are mostly bullish here, as shown by the 5 to 1 split between Buy and Hold reviews, giving MGNI shares a Strong Buy consensus rating. The stock has an average price target of $65.17, which suggests a 63% upside from the current trading price of $40.05. (See Magnite’s stock analysis at TipRanks.) Viant Technology (DSP) Last on our list of Needham picks, Viant Technology bills itself as a purveyor of ‘people-based advertising software.’ The company offers an omnichannel demand-side platform, Adelphic, used by agencies, brands, and media buyers to execute ad campaigns on connected and linear TV, desktop and mobile devices, and through digital audio. Viant has been in the ad tech business for over 20 years, and in February of this year it entered the public markets. The IPO was initially priced at $25 per share, and closed its first day’s trading at over $47. The company sold over 10 million shares of common stock, and raised approximately $213 million in the offering. Since the IPO, the stock has slid by 31%, although the share price remains well above the initial IPO pricing, and the company’s market cap is a respectable $1.94 billion. In March of this year, Viant released its Q4 and 2020 full year results – its first such release as a publicly traded company. For the fourth quarter, revenue came in at $56.6 million, a 9% yoy increase, while gross profits hit $30.5 million, up 31% from the year-ago quarter. The full year results were $165.3 million in total revenue, virtually flat from 2019, and $77 million in gross profits, a gain of 9% from prior year. The company reported several interesting metrics in the quarterly results, showing increased customer use and video spend growth. Viant’s platform saw 36% spend growth yoy in Q4, while the spend on CTV grew 71% in the quarter – and 70% in the full year. For 2020 as a whole, customers’ video spend represented 62% of the total. Looking at Viant, Martin notes that the company has relatively low exposure to the sector’s coming ‘cookie crisis,’ and writes, “…confusion over the future of third-party cookies is boosting incoming call volume to DSP because ad agencies and brands know its platform doesn't rely on cookies to target its placement of programmatic ads. Therefore, in addition to benefiting from the rising tide of growth that DSP shares with all other open internet ad tech competitors, we believe that DSP is also in the right place at the right time, as it can take advantage of a 4-year track record of successfully selling software that allows clients to purchase programmatic advertising without relying on cookies.” Martin gave the stock a Buy rating and a $62 price target – implying an 89% upside for the next 12 months. Looking at the consensus breakdown, the overall view is more cautious; There are 5 recent reviews, and they break down to 2 Buys and 3 Holds, for a Moderate Buy consensus rating. The average price target, however, is a bullish one; at $57.33, the figure suggests a one-year upside of 74%. (See Viant’s stock analysis at TipRanks.) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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  • Viant Expands DoubleVerify Partnership

    Viant Technology announces the successful integration of DoubleVerify's Inventory Quality Management into the Adelphic advertising software.

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  • Viant Partners With Tru Optik to Bolster CTV, OTT, and Audio

    Viant Technology announces the successful integration of Tru Optik’s Data Marketplace into Viant’s Adelphic advertising software.

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  • Viant Announces Date of First Quarter 2021 Financial Results and Conference Call

    IRVINE, Calif., April 22, 2021 (GLOBE NEWSWIRE) -- Viant Technology Inc. (NASDAQ: DSP), a leading people-based advertising software company, today announced it will release its first quarter 2021 financial results after U.S. markets close on Thursday, May 13, 2021. Viant will host a conference call and webcast that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the business and financial performance. First Quarter 2021 Results and Conference Call Date:Thursday, May 13, 2021 Time:2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time Webcast:https://investors.viantinc.com Approximately one hour after completion of the live call, an archived version of the webcast will be available on the Company’s investor relations website at https://investors.viantinc.com. About ViantViant® 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 the Adelphic DSP is featured on AdExchanger’s 2021 Programmatic Power Players list. To learn more, visit viantinc.com and adelphic.com or follow us on Facebook, Twitter, Instagram, LinkedIn and YouTube. CONTACT: Media Contact: Karen Paff kpaff@viantinc.com Investor Contact: The Blueshirt Group Nicole Borsje Maili Bergman investors@viantinc.com

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  • Viant Medical Holdings, Inc. -- Moody's announces completion of a periodic review of ratings of Viant Medical Holdings, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Viant Medical Holdings, Inc.Global Credit Research - 16 Apr 2021New York, April 16, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Viant Medical Holdings, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 14 April 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

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  • Viant Appoints Karen Castillo-Paff as Vice President of Communications

    Viant Technology Inc. (NASDAQ: DSP), a leading people-based advertising software company, today announced the appointment of Karen Castillo-Paff to the newly created role of Vice President of Communications. Castillo-Paff will oversee Viant’s corporate communications strategy and execution, media relations, executive visibility, industry analyst relations, as well as support financial communications.

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  • Viant Appoints Rasika Narang to New Role of Senior Vice President of Marketing

    Viant Appoints Rasika Narang to New Role of Senior Vice President of Marketing

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  • Viant Announces Expansion of C-Suite With New Chief People Officer

    Viant Announces Expansion of C-Suite With New Chief People Officer

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  • Viant’s Sales Outlook Tops Street Estimates After 4Q Beat; Shares Tank After-Hours

    Viant Technology forecasted better-than-expected sales for the first quarter and full-year 2021 after results topped analysts’ expectations in 4Q 2020. However, shares of the advertising software company declined almost 8% in Monday’s extended trading session after closing 14.3% higher on the day. Viant (DSP) reported 4Q earnings of $12.86 per share, down 43.7% year-over-year but comfortably beating analysts’ expectations of $10.33. Revenue of $56.5 million outpaced the Street’s estimates of $44.03 million and advanced 9% from the year-ago period. The company’s adjusted EBITDA grew 66% in the quarter to $15.6 million. (See Viant Technology stock analysis on TipRanks) Viant’s CFO Larry Madden said, “As we look ahead to 2021, we anticipate that retail, automotive and travel verticals will recover as we move through the year, and we expect to see continued growth across all other verticals. Additionally, we expect that strength in CTV coupled with our salesforce expansion will be sustainable drivers of growth.” As for 2021, the company forecasts revenues to grow by 17%-21% year-over-year, which implies a range of $194 million-$200 million, higher than the consensus estimate of $189.02 million. For 1Q, revenue is expected to land between $38 million and $38.5 million, versus the consensus estimate of $36.27 million. On March 8, JMP Securities analyst Ronald Josey initiated coverage of the stock with a Hold rating. Josey “is impressed with Viant’s people-based targeting approach and believes that it is well positioned to capture share of the $80B programmatic advertising market in a post-cookie world along with over $70B in U.S. linear TV ad spend moves online.” However, “with shares trading at 15.5-times on enterprise value to expected revenue and 72-times expected EBITDA basis,” the analyst “prefers a better entry point to recommend Viant shares.” The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 2 Buys and 3 Holds. The average analyst price target of $49 implies 18% downside potential to current levels. Shares have increased 25.2% over the past year. Related News: FedEx Posts Better-Than-Expected 3Q Results As Sales Outperform; Shares Gain 4.4% Ollie’s 4Q Results Beat Analysts’ Expectations As Sales Pick Up; Shares Gain After-Hours Embraer Posts Smaller-Than-Feared Quarterly Loss; Shares Pop 7% More recent articles from Smarter Analyst: Saratoga Investment Bumps Up Quarterly Dividend Ametek Inks Deal To Acquire Abaco Systems For $1.35B Catalyst Pharma To Buy Back $40M In Stock; Shares Gain Pre-Market Roku Acquires “This Old House”; Street Sees 38% Upside

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  • Viant Announces Fourth Quarter and Full Year 2020 Financial Results

    IRVINE, Calif., March 22, 2021 (GLOBE NEWSWIRE) -- Viant Technology Inc. (NASDAQ: DSP), a leading people-based advertising software company, today announced financial results for its fourth quarter and fiscal year ended December 31, 2020. “We are excited to report our first quarterly earnings as a public company, having completed our successful IPO in February,” stated Tim Vanderhook, Co-founder and CEO of Viant. “2020 was a transformational year for Viant and the advertising industry as marketers responded to the impact of the global pandemic. We exited the year with strong momentum, particularly in connected TV, and we are seeing signs of recovery in several verticals that were negatively impacted by the pandemic. With our people-based approach to digital advertising, we believe we are uniquely well positioned to benefit from the tailwinds of the industry as cookie-based approaches become obsolete. We are just at the beginning of a large opportunity and look forward to driving growth in the quarters ahead as we capitalize on the investments we have made in our software platform and go-to-market organization.” Fourth Quarter 2020 Financial Highlights: Revenue: Revenue for the quarter was $56.5 million, an increase of 9% year-over-year.Gross Profit: Gross profit for the quarter was $30.5 million, an increase of 31% year-over-year.Revenue ex-TAC: Revenue ex-TAC was $39.1 million, an increase of 19% over $32.8 million in 2019. (1)Net Income: Net income was $12.9 million, or $12.86 per diluted unit in the fourth quarter, an increase of 138% over net income of $5.4 million in the same period of 2019.Adjusted EBITDA: Adjusted EBITDA was $15.6 million, an increase of 66% over $9.4 million for the same period in 2019. Adjusted EBITDA margin as a percentage of revenue ex-TAC was 40%. (1) Full Year 2020 Financial Highlights: Revenue: Revenue for the full year was $165.3 million, an increase of 0.2% year-over-year.Gross Profit: Gross profit for the full year was $77.0 million, an increase of 9% year-over-year.Revenue ex-TAC: Revenue ex-TAC was $110.5 million, an increase of 6% over $104.4 million in 2019. (1)Net Income: Net income was $20.6 million, or $20.64 per diluted unit, an increase of 108% over net income of $9.9 million in 2019.Adjusted EBITDA: Adjusted EBITDA was $31.8 million, an increase of 29% over $24.7 million in 2019. Adjusted EBITDA margin as a percentage of revenue ex-TAC was 29%. (1) Business Highlights: Completed our Initial Public Offering in February of 2021, raising $232.5 million in net proceeds.Platform spend (2) increased 36% year-over-year in the fourth quarter.Platform spend from connected television (CTV) grew 71% in the fourth quarter and 70% for the full year 2020.Video represented 61% of platform spend in the fourth quarter and 62% for the full year 2020. “We are pleased with the momentum we saw in the fourth quarter with growth in revenue, gross profit, revenue ex-TAC and customer engagement as measured by platform spend. Despite the continued softness in retail, automotive and travel verticals, spend across all other verticals grew 60% in the fourth quarter, demonstrating the strength of our platform offering,” said Larry Madden, CFO of Viant. “As we look ahead to 2021, we anticipate that retail, automotive and travel verticals will recover as we move through the year, and we expect to see continued growth across all other verticals. Additionally, we expect that strength in CTV coupled with our salesforce expansion will be sustainable drivers of growth.” For the first quarter of 2021, the Company currently expects: Revenue in the range of $38.0 million to $38.5 million, which represents year-over-year growth of approximately 0% to 1%.Revenue ex-TAC in the range of $26.0 million to $26.5 million, which represents year-over-year growth of approximately 11% to 14%.Adjusted EBITDA in the range of $2.5 million to $3.5 million, or a margin as a percentage of revenue ex-TAC of 10% to 13%. For the full year 2021, the Company currently expects: Revenue in the range of $194 million to $200 million, which represents year-over-year growth of approximately 17% to 21%.Revenue ex-TAC in the range of $131 million to $136 million, which represents year-over-year growth of approximately 19% to 23%.Adjusted EBITDA in the range of $22 million to $25 million, or a margin as a percentage of revenue ex-TAC of 17% to 18%. Revenue ex-TAC and Adjusted EBITDA are non-GAAP financial measures. These non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information provided in accordance with GAAP. We are not able to estimate gross profit and net income on a forward-looking basis or reconcile the guidance provided to the closest corresponding GAAP measures without unreasonable efforts on a forward-looking basis due to the variability and complexity with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of our stock-based compensation expense that are directly impacted by unpredictable fluctuations in our share price. We expect the variability of the above charges could have a significant and potentially unpredictable impact on our future GAAP financial results. Conference Call and Webcast Details:Viant will host a conference call to discuss its financial results on Monday, March 22, 2021 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast of the call can be accessed from Viant’s Investor Relations website. An archived version of the webcast will be available from the same website after the call. About Viant 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. To learn more, visit viantinc.com. PresentationThis press release presents historical results for the periods presented of Viant Technology LLC, the predecessor of Viant Technology Inc. for accounting purposes, prior to the corporate reorganization and IPO. Forward-Looking StatementsThis press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements contained in this press release relate to, among other things, the Company’s projected financial performance and operating results, including projected revenue, revenue ex-TAC and Adjusted EBITDA, as well as statements regarding the anticipated growth and recovery from the effects of COVID-19. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, the market for programmatic advertising developing slower or differently than the Company’s expectations, the demands and expectations of clients and the ability to attract and retain clients and other economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements. We do not intend and undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. Investors are referred to our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. Media Contact:Jon Schulzpress@viantinc.com Investor Contact:The Blueshirt GroupNicole BorsjeMaili Bergman investors@viantinc.com (1)Revenue ex-TAC and Adjusted EBITDA are non-GAAP financial measures. See the supplementary schedules in this press release for a discussion of how we define and calculate these measures and a reconciliation thereof to the most directly comparable GAAP measures. (2)Platform spend, a measure of customer engagement, was previously referred to in our registration statement on form S-1 as platform usage. VIANT TECHNOLOGY LLCCONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per unit amounts)(Unaudited) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Revenue $56,461 $51,954 $165,251 $164,892 Operating expenses (1): Platform operations 25,944 28,710 88,260 94,060 Sales and marketing 9,494 8,277 28,887 29,027 Technology and development 2,618 2,585 8,698 9,240 General and administrative 5,231 6,597 17,639 19,770 Total operating expenses 43,287 46,169 143,484 152,097 Income from operations 13,174 5,785 21,767 12,795 Total other expense, net 313 375 1,129 2,871 Net income $12,861 $5,410 $20,638 $9,924 Earnings per unit: Basic $12.86 $23.46 $20.64 $31.31 Diluted $12.86 $22.85 $20.64 $27.37 Weighted average units outstanding: Basic 400 274 400 274 Diluted 1,000 1,000 1,000 1,000 (1) Unit-based compensation expense and depreciation expense and amortization expense included above were as follows: Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Unit-based compensation expense: Platform operations $— $24 $— $42 Sales and marketing — 25 — 44 Technology and development — 47 — 82 General and administrative — 528 — 922 Total $— $624 $— $1,090 Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Depreciation and amortization expense: Platform operations $1,754 $1,879 $7,338 $7,535 Sales and marketing — — — — Technology and development 402 399 1,608 1,537 General and administrative 296 274 1,160 1,083 Total $2,452 $2,552 $10,106 $10,155 VIANT TECHNOLOGY LLCCONSOLIDATED BALANCE SHEETS(In thousands)(Unaudited) As of December 31, 2020 2019 Assets Current assets: Cash $9,629 $4,815 Accounts receivable, net of allowances 89,767 68,083 Prepaid expenses and other current assets 4,487 1,892 Total current assets 103,883 74,790 Property, equipment, and software, net 13,829 14,924 Intangible assets, net 3,015 4,243 Goodwill 12,422 12,422 Other assets 371 478 Total assets $133,520 $106,857 Liabilities, convertible preferred units and members’ equity Liabilities Current liabilities: Accounts payable $29,763 $20,480 Accrued liabilities and accrued compensation 34,388 31,084 Current portion of long-term debt 3,353 — Current portion of deferred revenue 2,725 5,261 Other current liabilities 9,427 4,236 Total current liabilities 79,656 61,061 Long-term debt 20,182 17,500 Long-term portion of deferred revenue 5,612 4,769 Other long-term liabilities 453 822 Total liabilities 105,903 84,152 Convertible preferred units and members' equity Convertible preferred units 7,500 7,500 Common units — — Additional paid-in capital 92,187 92,187 Accumulated deficit (72,070) (76,982)Total convertible preferred units and members’ equity 27,617 22,705 Total liabilities, convertible preferred units and members’ equity $133,520 $106,857 VIANT TECHNOLOGY LLC CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands) (Unaudited) Year Ended December 31, 2020 2019 Cash flows from operating activities: Net income $20,638 $9,924 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 10,106 10,155 Unit-based compensation — 1,090 Provision for (recovery of) doubtful accounts (584) 613 Loss on disposal of assets 61 13 Changes in operating assets and liabilities: Accounts receivable (21,099) (20,200)Prepaid expenses and other assets (252) (467)Accounts payable 8,995 2,745 Accrued liabilities and accrued compensation 3,059 14,720 Deferred revenue (1,694) (4,607)Other liabilities (355) (953)Net cash provided by operating activities 18,875 13,033 Cash flows from investing activities: Purchases of property and equipment (434) (423)Capitalized software development costs (7,407) (7,390)Net cash used in investing activities (7,841) (7,813)Cash flows from financing activities: Proceeds from borrowings on debt 6,035 18,000 Repayments of debt with related party — (25,000)Proceeds from issuance of 2019 convertible preferred units to a related party — 7,500 Transaction costs paid on behalf of related party — (3,561)Payment of member tax distributions (5,547) — Payment of member dividends (5,000) — Payment of offering costs (1,708) — Net cash used in financing activities (6,220) (3,061)Effect of exchange rate changes on cash — 1 Net increase in cash 4,814 2,160 Cash at beginning of period 4,815 2,655 Cash at end of period $9,629 $4,815 Non-GAAP Financial Metrics We use financial measures that are not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”), including revenue ex-TAC and Adjusted EBITDA. The Company's management believes that this information can assist investors in evaluating the Company's operational trends, financial performance, and cash generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company’s financial performance using some of the same measures as management. In calculating revenue ex-TAC, we add back other platform operations expense to gross profit, the most comparable U.S. GAAP measurement. Revenue ex-TAC is a key profitability measure used by our management and board to understand and evaluate our operating performance and trends, develop short-and long-term operational plans and make strategic decisions regarding the allocation of capital. Adjusted EBITDA is defined by us as net income, the most comparable U.S. GAAP measurement, before interest expense, net, depreciation expense and amortization expense, unit-based compensation expense, and certain other items that are not related to our core operations such as transaction expenses associated with the retirement of Viant Technology Holding Inc.’s interest in Viant Technology LLC and Tim Vanderhook, Chris Vanderhook and Four Brothers 2 LLC acquisition of such 60% interest in Viant Technology LLC (the “2019 Former Holdco transaction”), and expenses or benefits related to the dissolution of our UK subsidiary. Adjusted EBITDA and Adjusted EBITDA as a percentage of revenue ex-TAC are key measures used by our management and board to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short-and long-term operational plans. Adjusted EBITDA as a percentage of our non-GAAP metric, revenue ex-TAC, is used by our management and board to evaluate Adjusted EBITDA relative to our profitability after costs that are directly variable to revenues, which comprise traffic acquisition costs. These non-GAAP financial measures are designed to supplement, and not substitute the Company’s financial information presented in accordance with GAAP. The non-GAAP measures as defined by the Company may not be comparable to similar non-GAAP measures presented by other companies. The presentation of such measures, which may include adjustments to exclude unusual or non-recurring items, should not be construed as an inference that the Company’s future results, cash flows or leverage will be unaffected by other unusual or non-recurring items. The following tables show the reconciliations of the Company’s non-GAAP financial measures to the most directly comparable GAAP financial metrics included in this release. The following table sets forth a reconciliation of net income to Adjusted EBITDA for the periods presented: Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 (in thousands)Net income $12,861 $5,410 $20,638 $9,924 Add back: Interest expense, net 249 555 1,038 3,948 Depreciation and amortization expense 2,452 2,552 10,106 10,155 Unit-based compensation expense — 624 — 1,090 2019 Former Holdco transaction expense — 401 — 471 UK subsidiary closure — (174) — (933)Adjusted EBITDA $15,562 $9,368 $31,782 $24,655 The following table sets forth a reconciliation of revenue to gross profit to revenue ex-TAC for the periods presented: Three Months EndedDecember 31, Year EndedDecember 31, 2020 2019 2020 2019 (in thousands)Revenue $56,461 $51,954 $165,251 $164,892 Less: Platform operations (25,944) (28,710) (88,260) (94,060)Gross profit 30,517 23,244 76,991 70,832 Add back: Other platform operations 8,618 9,599 33,525 33,608 Revenue ex-TAC $39,135 $32,843 $110,516 $104,440 The following table presents the reconciliation of net income as a percentage of gross profit to Adjusted EBITDA as a percentage of revenue ex-TAC for the periods presented: Three Months EndedDecember 31, Year EndedDecember 31, 2020 2019 2020 2019 (in thousands, except for percentages)Gross profit $30,517 $23,244 $76,991 $70,832 Net income $12,861 $5,410 $20,638 $9,924 Net income as a percentage of gross profit 42% 23% 27% 14%Revenue ex-TAC $39,135 $32,843 $110,516 $104,440 Adjusted EBITDA $15,562 $9,368 $31,782 $24,655 Adjusted EBITDA as a percentage of revenue ex-TAC 40% 29% 29% 24%

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  • Viant Expands Board with Executives from First American Financial and Taco Bell

    Added Leadership Expertise and Independent Perspective to Support Viant’s Growth StrategyIRVINE, Calif., March 16, 2021 (GLOBE NEWSWIRE) -- Viant®, a people-based advertising software company, today announced that former Chief Financial Officer of First American Financial Corporation, Max Valdes, and former President of Taco Bell International, Liz Williams have joined Viant Technology’s board of directors. The pair brings extensive leadership experience to their new roles, as well as new insights and perspective, strategically positioning Viant for continued success on the heels of its recent IPO. “This is an exciting time for Viant, as the programmatic advertising market continues to grow across various channels and industries. I’m honored to have been asked to serve on their Board of Directors and excited to continue to build on the incredible progress Viant has already made,” said Max Valdes. Mr. Valdes is a former Chief Financial Officer and Executive Vice President of First American Financial Corporation, a New York Stock Exchange-listed company. Mr. Valdes will serve as the chair of the Audit Committee. Mr. Valdes is a CPA and earned a BA degree in Business Administration at the California State University, Fullerton. “As Viant continues to grow post IPO, it will be more important than ever to focus on the needs of advertisers. I am committed to upholding my board position with integrity and to helping grow shareholder value,” said Liz Williams. “I am delighted to have been invited to join Viant’s Board of Directors.” In addition to Ms. Williams most recent role as CEO of Drybar, Ms. Williams has global experience as the former President of Taco Bell International and Chief Financial Officer for Taco Bell. Ms. Williams will chair the Compensation Committee for Viant. Ms. Williams also currently serves on the board of directors and audit committee of Stitch Fix, Inc., a Nasdaq-listed company. She earned a BA degree in Business Administration from The University of Texas in Austin and an MBA from the Kellogg School of Management at Northwestern University. “Max brings a significant level of financial and management expertise as well as an understanding of the process of an audit committee’s interactions with the board of directors and management, while Liz’s experience leading a global business and service on other public company boards brings important insight and guidance to the Viant board, as well as best practices in corporate governance,” said Tim Vanderhook, Co-Founder and CEO of Viant Technology. “We are thrilled to welcome Max and Liz to our Board of Directors and look forward to their contributions.” About ViantViant® 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 Ad Age 2021 Best Places to Work award winner and Adelphic is featured on AdExchanger’s 2021 Programmatic Power Players list. To learn more, visit viantinc.com and adelphic.com or follow us on Facebook, Twitter, Instagram, LinkedIn and YouTube. Press Contact:Jon Schulzpress@viantinc.com Investor Contact:The Blueshirt GroupNicole BorsjeMaili Bergmaninvestors@viantinc.com

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  • Benzinga's Top Ratings Upgrades, Downgrades For March 8, 2021

    Upgrades According to BMO Capital, the prior rating for Wheaton Precious Metals Corp (NYSE:WPM) was changed from Market Perform to Outperform. In the third quarter, Wheaton Precious Metals showed an EPS of $0.34, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $57.89 and a 52-week-low of $18.66. At the end of the last trading period, Wheaton Precious Metals closed at $36.21. According to Stephens & Co., the prior rating for Bio-Techne Corp (NASDAQ:TECH) was changed from Equal-Weight to Overweight. For the second quarter, Bio-Techne had an EPS of $1.62, compared to year-ago quarter EPS of $1.08. The stock has a 52-week-high of $414.99 and a 52-week-low of $155.17. At the end of the last trading period, Bio-Techne closed at $356.21. For Sea Ltd (NYSE:SE), Macquarie upgraded the previous rating of Neutral to Outperform. In the fourth quarter, Sea showed an EPS of $0.87, compared to $0.53 from the year-ago quarter. The current stock performance of Sea shows a 52-week-high of $285.00 and a 52-week-low of $35.61. Moreover, at the end of the last trading period, the closing price was at $229.79. According to Deutsche Bank, the prior rating for Verisk Analytics Inc (NASDAQ:VRSK) was changed from Hold to Buy. Verisk Analytics earned $1.27 in the fourth quarter, compared to $1.13 in the year-ago quarter. The stock has a 52-week-high of $210.66 and a 52-week-low of $116.61. At the end of the last trading period, Verisk Analytics closed at $168.12. Oppenheimer upgraded the previous rating for Lemonade Inc (NYSE:LMND) from Perform to Outperform. Lemonade earned $0.60 in the fourth quarter, compared to $2.90 in the year-ago quarter. The stock has a 52-week-high of $188.30 and a 52-week-low of $44.11. At the end of the last trading period, Lemonade closed at $92.97. For Zoetis Inc (NYSE:ZTS), Raymond James upgraded the previous rating of Market Perform to Outperform. For the fourth quarter, Zoetis had an EPS of $0.91, compared to year-ago quarter EPS of $0.92. The stock has a 52-week-high of $176.64 and a 52-week-low of $90.14. At the end of the last trading period, Zoetis closed at $145.68. Truist Securities upgraded the previous rating for Cable One Inc (NYSE:CABO) from Hold to Buy. Cable One earned $7.73 in the fourth quarter, compared to $9.32 in the year-ago quarter. The stock has a 52-week-high of $2326.80 and a 52-week-low of $1031.39. At the end of the last trading period, Cable One closed at $1804.96. For Anglogold Ashanti Ltd (NYSE:AU), HSBC upgraded the previous rating of Reduce to Hold. Interestingly, in the fourth quarter, Anglogold Ashanti's EPS was $0.10. At the moment, the stock has a 52-week-high of $38.50 and a 52-week-low of $12.66. Anglogold Ashanti closed at $21.61 at the end of the last trading period. According to BMO Capital, the prior rating for Marvell Technology Group Ltd (NASDAQ:MRVL) was changed from Market Perform to Outperform. For the fourth quarter, Marvell Technology Group had an EPS of $0.29, compared to year-ago quarter EPS of $0.17. The stock has a 52-week-high of $55.70 and a 52-week-low of $16.45. At the end of the last trading period, Marvell Technology Group closed at $41.51. According to Goldman Sachs, the prior rating for Amneal Pharmaceuticals Inc (NYSE:AMRX) was changed from Sell to Buy. For the fourth quarter, Amneal Pharmaceuticals had an EPS of $0.14, compared to year-ago quarter EPS of $0.08. The current stock performance of Amneal Pharmaceuticals shows a 52-week-high of $6.18 and a 52-week-low of $2.40. Moreover, at the end of the last trading period, the closing price was at $4.95. Raymond James upgraded the previous rating for Enphase Energy Inc (NASDAQ:ENPH) from Underperform to Market Perform. For the fourth quarter, Enphase Energy had an EPS of $0.51, compared to year-ago quarter EPS of $0.39. At the moment, the stock has a 52-week-high of $229.04 and a 52-week-low of $21.49. Enphase Energy closed at $143.55 at the end of the last trading period. According to Raymond James, the prior rating for Cable One Inc (NYSE:CABO) was changed from Market Perform to Outperform. In the fourth quarter, Cable One showed an EPS of $7.73, compared to $9.32 from the year-ago quarter. The stock has a 52-week-high of $2326.80 and a 52-week-low of $1031.39. At the end of the last trading period, Cable One closed at $1804.96. According to B of A Securities, the prior rating for Zoetis Inc (NYSE:ZTS) was changed from Neutral to Buy. For the fourth quarter, Zoetis had an EPS of $0.91, compared to year-ago quarter EPS of $0.92. The stock has a 52-week-high of $176.64 and a 52-week-low of $90.14. At the end of the last trading period, Zoetis closed at $145.68. For Spirit AeroSystems Holdings Inc (NYSE:SPR), Susquehanna upgraded the previous rating of Neutral to Positive. For the fourth quarter, Spirit AeroSystems Hldgs had an EPS of $1.31, compared to year-ago quarter EPS of $0.79. At the moment, the stock has a 52-week-high of $49.83 and a 52-week-low of $13.69. Spirit AeroSystems Hldgs closed at $47.12 at the end of the last trading period. According to Guggenheim, the prior rating for Target Corp (NYSE:TGT) was changed from Neutral to Buy. In the fourth quarter, Target showed an EPS of $2.67, compared to $1.69 from the year-ago quarter. The current stock performance of Target shows a 52-week-high of $199.96 and a 52-week-low of $90.17. Moreover, at the end of the last trading period, the closing price was at $172.86. According to Pivotal Research, the prior rating for VF Corp (NYSE:VFC) was changed from Hold to Buy. For the third quarter, VF had an EPS of $0.93, compared to year-ago quarter EPS of $1.23. The stock has a 52-week-high of $89.68 and a 52-week-low of $45.07. At the end of the last trading period, VF closed at $78.68. Susquehanna upgraded the previous rating for Accenture PLC (NYSE:ACN) from Neutral to Positive. Accenture earned $2.17 in the first quarter, compared to $2.09 in the year-ago quarter. The stock has a 52-week-high of $271.18 and a 52-week-low of $137.15. At the end of the last trading period, Accenture closed at $249.49. For Fastly Inc (NYSE:FSLY), Piper Sandler upgraded the previous rating of Underweight to Neutral. For the fourth quarter, Fastly had an EPS of $0.09, compared to year-ago quarter EPS of $0.10. The current stock performance of Fastly shows a 52-week-high of $136.50 and a 52-week-low of $10.63. Moreover, at the end of the last trading period, the closing price was at $64.84. Credit Suisse upgraded the previous rating for NextEra Energy Inc (NYSE:NEE) from Neutral to Outperform. For the fourth quarter, NextEra Energy had an EPS of $0.40, compared to year-ago quarter EPS of $1.44. At the moment, the stock has a 52-week-high of $1232.24 and a 52-week-low of $68.33. NextEra Energy closed at $70.73 at the end of the last trading period. For First Solar Inc (NASDAQ:FSLR), Credit Suisse upgraded the previous rating of Underperform to Neutral. For the fourth quarter, First Solar had an EPS of $1.08, compared to year-ago quarter EPS of $2.02. The current stock performance of First Solar shows a 52-week-high of $112.50 and a 52-week-low of $28.47. Moreover, at the end of the last trading period, the closing price was at $73.70. For Bloom Energy Corp (NYSE:BE), Credit Suisse upgraded the previous rating of Neutral to Outperform. For the fourth quarter, Bloom Energy had an EPS of $0.08, compared to year-ago quarter EPS of $0.28. At the moment, the stock has a 52-week-high of $44.95 and a 52-week-low of $3.00. Bloom Energy closed at $25.62 at the end of the last trading period. MKM Partners upgraded the previous rating for Peloton Interactive Inc (NASDAQ:PTON) from Neutral to Buy. For the second quarter, Peloton Interactive had an EPS of $0.18, compared to year-ago quarter EPS of $0.20. At the moment, the stock has a 52-week-high of $171.09 and a 52-week-low of $17.70. Peloton Interactive closed at $105.13 at the end of the last trading period. For Eaton Corp PLC (NYSE:ETN), Berenberg upgraded the previous rating of Hold to Buy. For the fourth quarter, Eaton Corp had an EPS of $1.28, compared to year-ago quarter EPS of $1.37. The stock has a 52-week-high of $138.18 and a 52-week-low of $56.41. At the end of the last trading period, Eaton Corp closed at $137.28. For Coca-Cola Co (NYSE:KO), RBC Capital upgraded the previous rating of Sector Perform to Outperform. In the fourth quarter, Coca-Cola showed an EPS of $0.47, compared to $0.44 from the year-ago quarter. At the moment, the stock has a 52-week-high of $58.17 and a 52-week-low of $36.27. Coca-Cola closed at $50.76 at the end of the last trading period. For Icon PLC (NASDAQ:ICLR), Baird upgraded the previous rating of Neutral to Outperform. For the fourth quarter, Icon had an EPS of $1.90, compared to year-ago quarter EPS of $1.83. At the moment, the stock has a 52-week-high of $223.62 and a 52-week-low of $104.28. Icon closed at $179.83 at the end of the last trading period. According to KeyBanc, the prior rating for The Trade Desk Inc (NASDAQ:TTD) was changed from Sector Weight to Overweight. In the fourth quarter, Trade Desk showed an EPS of $3.71, compared to $1.49 from the year-ago quarter. The stock has a 52-week-high of $972.80 and a 52-week-low of $136.00. At the end of the last trading period, Trade Desk closed at $654.17. According to KeyBanc, the prior rating for IQVIA Holdings Inc (NYSE:IQV) was changed from Sector Weight to Overweight. IQVIA Holdings earned $2.11 in the fourth quarter, compared to $1.74 in the year-ago quarter. The current stock performance of IQVIA Holdings shows a 52-week-high of $199.99 and a 52-week-low of $81.79. Moreover, at the end of the last trading period, the closing price was at $188.57. See all analyst ratings upgrades. Downgrades CLSA downgraded the previous rating for GSX Techedu Inc (NYSE:GSX) from Outperform to Sell. GSX Techedu earned $0.39 in the fourth quarter, compared to $0.70 in the year-ago quarter. The stock has a 52-week-high of $149.05 and a 52-week-low of $27.06. At the end of the last trading period, GSX Techedu closed at $92.24. For DTE Energy Co (NYSE:DTE), B of A Securities downgraded the previous rating of Buy to Neutral. DTE Energy earned $1.39 in the fourth quarter, compared to $1.35 in the year-ago quarter. At the moment, the stock has a 52-week-high of $135.60 and a 52-week-low of $71.21. DTE Energy closed at $123.25 at the end of the last trading period. DA Davidson downgraded the previous rating for HomeStreet Inc (NASDAQ:HMST) from Buy to Neutral. In the fourth quarter, HomeStreet showed an EPS of $1.25, compared to $0.61 from the year-ago quarter. The current stock performance of HomeStreet shows a 52-week-high of $46.38 and a 52-week-low of $18.44. Moreover, at the end of the last trading period, the closing price was at $46.24. B of A Securities downgraded the previous rating for Albany International Corp (NYSE:AIN) from Buy to Neutral. For the fourth quarter, Albany Intl had an EPS of $0.89, compared to year-ago quarter EPS of $0.97. At the moment, the stock has a 52-week-high of $89.69 and a 52-week-low of $30.46. Albany Intl closed at $87.94 at the end of the last trading period. According to Goldman Sachs, the prior rating for Viatris Inc (NASDAQ:VTRS) was changed from Buy to Neutral. Interestingly, in the fourth quarter, Viatris's EPS was $1.07. The stock has a 52-week-high of $18.86 and a 52-week-low of $13.31. At the end of the last trading period, Viatris closed at $13.91. According to KeyBanc, the prior rating for PRA Health Sciences Inc (NASDAQ:PRAH) was changed from Overweight to Sector Weight. In the fourth quarter, PRA Health Sciences showed an EPS of $1.55, compared to $1.54 from the year-ago quarter. The current stock performance of PRA Health Sciences shows a 52-week-high of $155.00 and a 52-week-low of $58.67. Moreover, at the end of the last trading period, the closing price was at $146.44. According to KeyBanc, the prior rating for Entergy Corp (NYSE:ETR) was changed from Overweight to Sector Weight. For the fourth quarter, Entergy had an EPS of $0.71, compared to year-ago quarter EPS of $0.68. The stock has a 52-week-high of $128.16 and a 52-week-low of $75.19. At the end of the last trading period, Entergy closed at $89.06. See all analyst ratings downgrades. Initiations William Blair initiated coverage on Signify Health Inc (NYSE:SGFY) with an Outperform rating. At the moment, the stock has a 52-week-high of $40.79 and a 52-week-low of $25.00. Signify Health closed at $28.27 at the end of the last trading period. Cowen & Co. initiated coverage on Bumble Inc (NASDAQ:BMBL) with an Outperform rating. The price target for Bumble is set to $70.00. At the moment, the stock has a 52-week-high of $84.80 and a 52-week-low of $57.53. Bumble closed at $61.65 at the end of the last trading period. Cowen & Co. initiated coverage on Nuvation Bio Inc (NYSE:NUVB) with an Outperform rating. The current stock performance of Nuvation Bio shows a 52-week-high of $11.38 and a 52-week-low of $8.56. Moreover, at the end of the last trading period, the closing price was at $10.86. With a Neutral rating, UBS initiated coverage on Signify Health Inc (NYSE:SGFY). The price target seems to have been set at $34.00 for Signify Health. At the moment, the stock has a 52-week-high of $40.79 and a 52-week-low of $25.00. Signify Health closed at $28.27 at the end of the last trading period. With an Overweight rating, Cantor Fitzgerald initiated coverage on Akebia Therapeutics Inc (NASDAQ:AKBA). The price target seems to have been set at $8.00 for Akebia Therapeutics. Akebia Therapeutics earned $0.60 in the fourth quarter, compared to $0.79 in the year-ago quarter. The current stock performance of Akebia Therapeutics shows a 52-week-high of $13.71 and a 52-week-low of $2.09. Moreover, at the end of the last trading period, the closing price was at $3.40. Jefferies initiated coverage on Bumble Inc (NASDAQ:BMBL) with a Buy rating. The price target for Bumble is set to $80.00. The stock has a 52-week-high of $84.80 and a 52-week-low of $57.53. At the end of the last trading period, Bumble closed at $61.65. With a Buy rating, Jefferies initiated coverage on Adagene Inc (NASDAQ:ADAG). The price target seems to have been set at $33.00 for Adagene. At the moment, the stock has a 52-week-high of $31.83 and a 52-week-low of $20.21. Adagene closed at $23.11 at the end of the last trading period. With a Buy rating, Jefferies initiated coverage on Nuvation Bio Inc (NYSE:NUVB). The price target seems to have been set at $20.00 for Nuvation Bio. At the moment, the stock has a 52-week-high of $11.38 and a 52-week-low of $8.56. Nuvation Bio closed at $10.86 at the end of the last trading period. With a Buy rating, Jefferies initiated coverage on Chindata Group Holdings Ltd (NASDAQ:CD). The price target seems to have been set at $26.04 for Chindata Group Holdings. Chindata Group Holdings earned $0.08 in the third quarter. The current stock performance of Chindata Group Holdings shows a 52-week-high of $27.47 and a 52-week-low of $13.12. Moreover, at the end of the last trading period, the closing price was at $18.64. With a Equal-Weight rating, Barclays initiated coverage on Atotech Ltd (NYSE:ATC). The price target seems to have been set at $23.00 for Atotech. In the fourth quarter, Atotech showed an EPS of $0.12, compared to $0.38 from the year-ago quarter. The stock has a 52-week-high of $22.75 and a 52-week-low of $17.00. At the end of the last trading period, Atotech closed at $21.23. BTIG initiated coverage on Aravive Inc (NASDAQ:ARAV) with a Buy rating. The price target for Aravive is set to $26.00. For the third quarter, Aravive had an EPS of $0.66, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $14.94 and a 52-week-low of $3.34. Aravive closed at $6.46 at the end of the last trading period. With a Equal-Weight rating, Barclays initiated coverage on Signify Health Inc (NYSE:SGFY). The price target seems to have been set at $30.00 for Signify Health. The current stock performance of Signify Health shows a 52-week-high of $40.79 and a 52-week-low of $25.00. Moreover, at the end of the last trading period, the closing price was at $28.27. With an Outperform rating, BMO Capital initiated coverage on Nuvation Bio Inc (NYSE:NUVB). The price target seems to have been set at $16.00 for Nuvation Bio. The stock has a 52-week-high of $11.38 and a 52-week-low of $8.56. At the end of the last trading period, Nuvation Bio closed at $10.86. With a Neutral rating, B of A Securities initiated coverage on Viant Technology Inc (NASDAQ:DSP). The price target seems to have been set at $45.00 for Viant Technology. The current stock performance of Viant Technology shows a 52-week-high of $69.16 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $41.32. Guggenheim initiated coverage on BTRS Holdings Inc (NASDAQ:BTRS) with a Buy rating. The price target for BTRS Holdings is set to $23.00. The stock has a 52-week-high of $19.76 and a 52-week-low of $13.52. At the end of the last trading period, BTRS Holdings closed at $15.05. For Viant Technology Inc (NASDAQ:DSP), JMP Securities initiated coverage, by setting the current rating at Market Perform. At the moment, the stock has a 52-week-high of $69.16 and a 52-week-low of $37.00. Viant Technology closed at $41.32 at the end of the last trading period. Wedbush initiated coverage on Nuvation Bio Inc (NYSE:NUVB) with an Outperform rating. The price target for Nuvation Bio is set to $20.00. The stock has a 52-week-high of $11.38 and a 52-week-low of $8.56. At the end of the last trading period, Nuvation Bio closed at $10.86. Macquarie initiated coverage on Accel Entertainment Inc (NYSE:ACEL) with a Neutral rating. The price target for Accel Entertainment is set to $13.00. Interestingly, in the third quarter, Accel Entertainment's EPS was $0.16. The stock has a 52-week-high of $15.11 and a 52-week-low of $5.22. At the end of the last trading period, Accel Entertainment closed at $11.10. With an Overweight rating, Morgan Stanley initiated coverage on Bioventus Inc (NASDAQ:BVS). The price target seems to have been set at $18.00 for Bioventus. The current stock performance of Bioventus shows a 52-week-high of $19.51 and a 52-week-low of $10.74. Moreover, at the end of the last trading period, the closing price was at $11.49. With a Equal-Weight rating, Morgan Stanley initiated coverage on Bumble Inc (NASDAQ:BMBL). The price target seems to have been set at $56.00 for Bumble. The stock has a 52-week-high of $84.80 and a 52-week-low of $57.53. At the end of the last trading period, Bumble closed at $61.65. For VSE Corp (NASDAQ:VSEC), William Blair initiated coverage, by setting the current rating at Outperform. In the fourth quarter, VSE showed an EPS of $0.52, compared to $0.90 from the year-ago quarter. The current stock performance of VSE shows a 52-week-high of $42.43 and a 52-week-low of $13.83. Moreover, at the end of the last trading period, the closing price was at $39.34. Alliance Global Partners initiated coverage on Chicken Soup for the Soul Entertainment Inc (NASDAQ:CSSE) with a Buy rating. The price target for Chicken Soup for the Soul is set to $35.00. In the third quarter, Chicken Soup for the Soul showed an EPS of $1.03, compared to $1.11 from the year-ago quarter. At the moment, the stock has a 52-week-high of $32.95 and a 52-week-low of $4.66. Chicken Soup for the Soul closed at $23.57 at the end of the last trading period. With an Overweight rating, Morgan Stanley initiated coverage on Adagene Inc (NASDAQ:ADAG). The price target seems to have been set at $34.00 for Adagene. At the moment, the stock has a 52-week-high of $31.83 and a 52-week-low of $20.21. Adagene closed at $23.11 at the end of the last trading period. With an Overweight rating, JP Morgan initiated coverage on Bioventus Inc (NASDAQ:BVS). The price target seems to have been set at $17.00 for Bioventus. The current stock performance of Bioventus shows a 52-week-high of $19.51 and a 52-week-low of $10.74. Moreover, at the end of the last trading period, the closing price was at $11.49. JP Morgan initiated coverage on Bumble Inc (NASDAQ:BMBL) with a Neutral rating. The price target for Bumble is set to $60.00. At the moment, the stock has a 52-week-high of $84.80 and a 52-week-low of $57.53. Bumble closed at $61.65 at the end of the last trading period. For Viant Technology Inc (NASDAQ:DSP), Raymond James initiated coverage, by setting the current rating at Market Perform. The current stock performance of Viant Technology shows a 52-week-high of $69.16 and a 52-week-low of $37.00. Moreover, at the end of the last trading period, the closing price was at $41.32. With an Outperform rating, Raymond James initiated coverage on loanDepot Inc (NYSE:LDI). The price target seems to have been set at $23.00 for loanDepot. The stock has a 52-week-high of $39.85 and a 52-week-low of $14.00. At the end of the last trading period, loanDepot closed at $18.50. Raymond James initiated coverage on Bumble Inc (NASDAQ:BMBL) with a Market Perform rating. At the moment, the stock has a 52-week-high of $84.80 and a 52-week-low of $57.53. Bumble closed at $61.65 at the end of the last trading period. BTIG initiated coverage on Nuvation Bio Inc (NYSE:NUVB) with a Buy rating. The price target for Nuvation Bio is set to $16.00. The stock has a 52-week-high of $11.38 and a 52-week-low of $8.56. At the end of the last trading period, Nuvation Bio closed at $10.86. Needham initiated coverage on Viant Technology Inc (NASDAQ:DSP) with a Buy rating. The price target for Viant Technology is set to $50.00. At the moment, the stock has a 52-week-high of $69.16 and a 52-week-low of $37.00. Viant Technology closed at $41.32 at the end of the last trading period. Goldman Sachs initiated coverage on Apria Inc (NASDAQ:APR) with a Buy rating. The price target for Apria is set to $30.00. The current stock performance of Apria shows a 52-week-high of $28.01 and a 52-week-low of $20.07. Moreover, at the end of the last trading period, the closing price was at $21.59. With a Neutral rating, Goldman Sachs initiated coverage on loanDepot Inc (NYSE:LDI). The price target seems to have been set at $22.00 for loanDepot. At the moment, the stock has a 52-week-high of $39.85 and a 52-week-low of $14.00. loanDepot closed at $18.50 at the end of the last trading period. Goldman Sachs initiated coverage on Bioventus Inc (NASDAQ:BVS) with a Buy rating. The price target for Bioventus is set to $19.00. At the moment, the stock has a 52-week-high of $19.51 and a 52-week-low of $10.74. Bioventus closed at $11.49 at the end of the last trading period. See all analyst ratings initiations. See more from BenzingaClick here for options trades from BenzingaA Look Into DISH Network's Price Over EarningsP/E Ratio Insights for Athene Holding© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Viant Announces Date of Fourth Quarter and Full Year 2020 Financial Results and Conference Call

    IRVINE, Calif., March 08, 2021 (GLOBE NEWSWIRE) -- Viant Technology Inc. (NASDAQ:DSP) today announced it will release its fourth quarter and full year 2020 financial results after U.S. markets close on Monday, March 22, 2021. Viant will host a conference call and webcast that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the business and financial performance. Fourth Quarter and Full Year 2020 Results and Conference Call Date:Monday, March 22, 2021 Time:2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time Webcast:https://investors.viantinc.com Approximately one hour after completion of the live call, an archived version of the webcast will be available on the Company’s investor relations website at https://investors.viantinc.com. About ViantViant® 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. To learn more, visit viantinc.com and adelphic.com or follow us on Facebook, Twitter, Instagram, LinkedIn and YouTube. Press Contact:Jon Schulzjschulz@viantinc.com313.850.4803 Investor Contact:The Blueshirt GroupNicole BorsjeMaili Bergmaninvestors@viantinc.com

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  • Viant Technology Inc. Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

    IRVINE, Calif., Feb. 12, 2021 (GLOBE NEWSWIRE) -- Viant Technology Inc. (NASDAQ:DSP) today announced the closing of its initial public offering and full exercise of the underwriters’ option to purchase an additional 1,500,000 shares of Class A common stock from existing stockholders. Viant Technology sold 10,000,000 shares of Class A common stock and existing stockholders sold 1,500,000 shares of Class A common stock, including the shares sold upon exercise of the underwriters’ option to purchase additional shares, at a price to the public of $25.00 per share. The Company did not receive any proceeds from the sale of the shares by the selling stockholders. Viant Technology’s shares began trading on the Nasdaq Global Select Market on Wednesday, February 10, 2021 under the ticker symbol “DSP.” BofA Securities and UBS Investment Bank acted as book-running managers for the offering. Canaccord Genuity, JMP Securities, Needham & Company and Raymond James acted as co-managers for the offering. This offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or via email: dg.prospectus_requests@bofa.com; or UBS Investment Bank, Attn: Prospectus Department, 25th Floor, 1285 Avenue of the Americas, New York, NY 10019, by calling 1-888-827-7275, or by email at ol-prospectusrequest@ubs.com. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 9, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Viant Viant® is a leading people-based advertising software company that enables marketers and their advertising agencies to plan, buy and measure their advertising across most channels. Its self-service DSP for omnichannel advertising, Adelphic®, provides the ability to execute programmatic advertising campaigns across desktop, mobile, connected TV, linear TV, streaming audio and digital billboards. Source: Viant Technology Press Contact:Jon Schulzjschulz@viantinc.com313.850.4803 Investor Contact:The Blueshirt GroupNicole BorsjeMaili Bergmaninvestors@viantinc.com

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  • Viant Technology Inc. Announces Pricing of Upsized Initial Public Offering

    IRVINE, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Viant Technology Inc. (NASDAQ:DSP) today announced the pricing of its upsized initial public offering of 10,000,000 shares of Class A common stock at a price to the public of $25.00 per share. Viant Technology is offering 10,000,000 shares of Class A common stock in the offering. Existing stockholders of Viant Technology have granted the underwriters a 30-day option to purchase up to 1,500,000 shares of Class A common stock at the initial public offering price, less underwriting discounts. The Company will not receive any proceeds from the sale of the shares by the selling stockholders. The shares are expected to begin trading on the Nasdaq Global Select Market on Wednesday, February 10, 2021 under the ticker symbol “DSP.” The offering is expected to close on February 12, 2021, subject to customary closing conditions. BofA Securities and UBS Investment Bank are acting as book-running managers for the proposed offering. Canaccord Genuity, JMP Securities, Needham & Company and Raymond James are acting as co-managers for the proposed offering. The offering of these securities is being made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained, when available, from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or via email: dg.prospectus_requests@bofa.com; or UBS Investment Bank, Attn: Prospectus Department, 25th Floor, 1285 Avenue of the Americas, New York, NY 10019, by calling 1-888-827-7275, or by email at ol-prospectusrequest@ubs.com. A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 9, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Viant Viant® is a leading people-based advertising software company that enables marketers and their advertising agencies to plan, buy and measure their advertising across most channels. Its self-service DSP for omnichannel advertising, Adelphic®, provides the ability to execute programmatic advertising campaigns across desktop, mobile, connected TV, linear TV, streaming audio and digital billboards. Source: Viant Technology Press Contact:Jon Schulzjschulz@viantinc.com313.850.4803 Investor Contact:The Blueshirt GroupNicole BorsjeMaili Bergmaninvestors@viantinc.com

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