Viant Technology (NASDAQ:DSP) Price Target Raised to $18.00

Viant Technology (NASDAQ:DSP) had its price target hoisted by Craig Hallum from $14.00 to $18.00 in a report released on Wednesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a report on Wednesday. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $18.00 in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $15.86.

Viant Technology Price Performance

NASDAQ DSP opened at $16.21 on Wednesday. The stock’s 50 day simple moving average is $11.67 and its 200 day simple moving average is $10.59. Viant Technology has a one year low of $5.36 and a one year high of $16.97. The firm has a market cap of $1.02 billion, a PE ratio of 270.17 and a beta of 0.72.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 2,768 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the transaction, the chief financial officer now directly owns 529,848 shares of the company’s stock, valued at approximately $5,950,193.04. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 10,419 shares of company stock valued at $116,647. 28.80% of the stock is currently owned by insiders.

Institutional Trading of Viant Technology

Several institutional investors and hedge funds have recently made changes to their positions in DSP. ClariVest Asset Management LLC acquired a new stake in shares of Viant Technology during the second quarter worth $1,387,000. Acadian Asset Management LLC boosted its holdings in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after buying an additional 66,509 shares during the period. AQR Capital Management LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth about $236,000. Finally, Martingale Asset Management L P bought a new stake in shares of Viant Technology in the 3rd quarter valued at about $254,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

Viant Technology Inc operates as an advertising technology company. It provides Household ID, a people-based innovation that combines digital and personal identifiers into a normalized household profile; AI Bid Optimizer, solution that uses AI to analyze historical bid opportunities to predict the lowest media cost for desired advertisement; and Viant Data Platform, which offers marketers control over their own data with actionable insights into their marketing initiatives within a single platform.