Viant Technology Inc.
Viant Technology Inc. (NASDAQ: DSP) is a people-based advertising software company that enables marketers and agencies to plan, acquire, and measure their advertising efforts across most channels. It provides, Adelphic, a self-service demand-side platform (DSP) that allows marketers and their ad agencies to plan, buy, and measure advertising across several channels. DSP charges platform fees to its customers, which is either a percentage of spend or a set monthly subscription fee and payments for extra features like data and advanced reporting.
Why Should Investors Exit?
Valuation Methodology: Price/Sales Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
DSP's share price has declined 63.41% in the past nine months and is currently leaning towards the lower band of the 52-week range of USD 6.10 to USD 66.45. We have valued the stock using the Price/Sales-based relative valuation methodology and arrived at a target price of USD 6.99.
Considering the company's declining profitability, weak margin profile, balance sheet risks, current valuation and associated risks. we recommend a "Sell" rating on the stock at the current price of USD 7.90, down 3.42% as of February 18, 2022, at 12:37 PM ET.
Three-Year Technical Price Chart (as of February 18, 2022, at 12:37 PM ET). Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.