company background image

Viant Technology NasdaqGS:DSP Stock Report

Last Price


Market Cap







26 Sep, 2022


Company Financials +
DSP fundamental analysis
Snowflake Score
Future Growth4/6
Past Performance0/6
Financial Health6/6

DSP Stock Overview

Viant Technology Inc. operates as an advertising software company.


Earnings are forecast to grow 68.25% per year

Trading below our calculated fair Price-To-Sales ratio

Risk Analysis

No risks detected for DSP from our risk checks.

Viant Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Viant Technology
Historical stock prices
Current Share PriceUS$4.18
52 Week HighUS$14.13
52 Week LowUS$4.09
1 Month Change-10.68%
3 Month Change-24.00%
1 Year Change-69.82%
3 Year Changen/a
5 Year Changen/a
Change since IPO-91.24%

Recent News & Updates

Shareholder Returns

DSPUS SoftwareUS Market

Return vs Industry: DSP underperformed the US Software industry which returned -35.4% over the past year.

Return vs Market: DSP underperformed the US Market which returned -23% over the past year.

Price Volatility

Is DSP's price volatile compared to industry and market?
DSP volatility
DSP Average Weekly Movement6.0%
Software Industry Average Movement9.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: DSP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DSP's weekly volatility (6%) has been stable over the past year.

About the Company

1999350Tim Vanderhook

Viant Technology Inc. operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards. The company also offers Holistic, an omnichannel demand side platform for marketers and their agencies to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; Viant Household ID, a household profile, which provides household insights for optimized bid decisions and touchpoint collection across consumer pathways, as well as offers holistic targeting and measurement across channels; World Without Cookies software to manage reach and frequency at the household level; and Viant Identity Graph, which reduces or eliminates the need for cookies by enabling matching of people-based identifiers that anchor digital identifiers that allows marketers to reach targeted consumers in a privacy-conscious manner.

Viant Technology Fundamentals Summary

How do Viant Technology's earnings and revenue compare to its market cap?
DSP fundamental statistics
Market CapUS$258.74m
Earnings (TTM)-US$7.57m
Revenue (TTM)US$227.40m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DSP income statement (TTM)
Cost of RevenueUS$130.69m
Gross ProfitUS$96.71m
Other ExpensesUS$104.29m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)-0.53
Gross Margin42.53%
Net Profit Margin-3.33%
Debt/Equity Ratio0%

How did DSP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is DSP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DSP?

Other financial metrics that can be useful for relative valuation.

DSP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA-4.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does DSP's PS Ratio compare to its peers?

DSP PS Ratio vs Peers
The above table shows the PS ratio for DSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.1x
UPLD Upland Software
DMRC Digimarc
MAPS WM Technology
LVOX LiveVox Holdings
DSP Viant Technology

Price-To-Sales vs Peers: DSP is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (3.1x).

Price to Earnings Ratio vs Industry

How does DSP's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: DSP is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Software industry average (4.3x)

Price to Sales Ratio vs Fair Ratio

What is DSP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DSP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: DSP is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).

Share Price vs Fair Value

What is the Fair Price of DSP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DSP ($4.18) is trading above our estimate of fair value ($0)

Significantly Below Fair Value: DSP is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Future Growth

How is Viant Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score


Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: DSP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DSP is expected to become profitable in the next 3 years.

Revenue vs Market: DSP's revenue (17% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: DSP's revenue (17% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if DSP's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Past Performance

How has Viant Technology performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DSP is currently unprofitable.

Growing Profit Margin: DSP is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: DSP is unprofitable, but has reduced losses over the past 5 years at a rate of 15.3% per year.

Accelerating Growth: Unable to compare DSP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DSP is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.3%).

Return on Equity

High ROE: DSP has a negative Return on Equity (-11.95%), as it is currently unprofitable.

Discover strong past performing companies

Financial Health

How is Viant Technology's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: DSP's short term assets ($303.6M) exceed its short term liabilities ($70.7M).

Long Term Liabilities: DSP's short term assets ($303.6M) exceed its long term liabilities ($19.0M).

Debt to Equity History and Analysis

Debt Level: DSP is debt free.

Reducing Debt: DSP had no debt 5 years ago.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DSP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: DSP has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 30.7% each year

Discover healthy companies


What is Viant Technology current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Forecast Dividend Yield

Dividend Yield vs Market

Viant Technology Dividend Yield vs Market
How does Viant Technology dividend yield compare to the market?
SegmentDividend Yield
Company (Viant Technology)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Software)1.1%
Analyst forecast in 3 Years (Viant Technology)0.01%

Notable Dividend: Unable to evaluate DSP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DSP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DSP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DSP's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DSP has not reported any payouts.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Tim Vanderhook (41 yo)





Mr. Tim Vanderhook has been Chief Executive Officer and Director at Viant Technology Holding Inc since October 9, 2020. Mr. Vanderhook co-founded the Viant Technology, Inc., and has been Chairman since Feb...

CEO Compensation Analysis

Tim Vanderhook's Compensation vs Viant Technology Earnings
How has Tim Vanderhook's remuneration changed compared to Viant Technology's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021US$1mUS$700k


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020US$1mUS$700k


Sep 30 2020n/an/a


Dec 31 2019US$1mUS$700k


Compensation vs Market: Tim's total compensation ($USD1.40M) is about average for companies of similar size in the US market ($USD1.68M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: DSP's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Experienced Board: DSP's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

NasdaqGS:DSP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Mar 22SellUS$131,498Lawrence MaddenIndividual21,628US$6.08

Ownership Breakdown

What is the ownership structure of DSP?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders237,4661.7%
Hedge Funds990,9137.0%
General Public3,194,79822.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 72.02% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
1,937,677$8.1m-6.01%no data
Neuberger Berman Investment Advisers LLC
ClearBridge Investments, LLC
1,125,949$4.7m0.32%no data
Invenomic Capital Management, LP
BlackRock, Inc.
815,163$3.4m3.48%no data
The Vanguard Group, Inc.
657,303$2.7m-25.62%no data
Caption Management, LLC
Potomac Capital Management Inc.
State Street Global Advisors, Inc.
274,936$1.1m-8.32%no data
Geode Capital Management, LLC
226,110$945.1k0.6%no data
JPMorgan Chase & Co, Brokerage and Securities Investments
225,897$944.2k93.1%no data
Lawrence Madden
167,525$700.3k37.52%no data
Renaissance Technologies LLC
165,900$693.5k-25.5%no data
D. E. Shaw & Co., L.P.
128,253$536.1k3.88%no data
Northern Trust Global Investments
116,510$487.0k14.99%no data
MUST Asset Management Inc.
Susquehanna International Group, LLP, Asset Management Arm
110,005$459.8k-6.18%no data
Simplex Trading, LLC, Asset Management Arm
BNY Mellon Asset Management
95,161$397.8k55.43%no data
Viex Capital Advisors, LLC
Managed Account Advisors LLC
75,903$317.3k-8.26%no data
Morgan Stanley, Investment Banking and Brokerage Investments
68,383$285.8k-3.28%no data
SEI Investments Company
59,579$249.0k0%no data
State of Wisconsin Investment Board
57,600$240.8k476%no data
Los Angeles Capital Management LLC
56,979$238.2k-0.7%no data

Company Information

Viant Technology Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Viant Technology Inc.
  • Ticker: DSP
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$258.739m
  • Market Cap: US$59.581m
  • Shares outstanding: 61.34m
  • Website:

Number of Employees


  • Viant Technology Inc.
  • 2722 Michelson Drive
  • Suite 100
  • Irvine
  • California
  • 92612
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DSPNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.