Viant Technology Inc. (NASDAQ:DSP) Given Average Rating of “Buy” by Brokerages

Viant Technology Inc. (NASDAQ:DSP) has been assigned an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $20.29.

Several analysts have recently issued reports on DSP shares. Canaccord Genuity Group raised 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, November 13th. JMP Securities increased their target price on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Canaccord Genuity Group increased their target price on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Needham & Company LLC raised their price objective on Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Finally, Scotiabank assumed coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective on the stock.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $19.51, for a total transaction of $278,680.84. Following the sale, the chief financial officer now directly owns 378,350 shares of the company’s stock, valued at approximately $7,381,608.50. This trade represents a 3.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the sale, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,352 shares of company stock valued at $1,030,720 over the last ninety days. 28.80% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. raised its position in shares of Viant Technology by 0.8% during the fourth quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock worth $1,111,000 after acquiring an additional 465 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after acquiring an additional 728 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Viant Technology during the fourth quarter worth about $27,000. State Street Corp raised its position in shares of Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after acquiring an additional 1,722 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in shares of Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after acquiring an additional 2,915 shares during the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Stock Performance

DSP opened at $22.28 on Friday. The firm has a market cap of $1.40 billion, a P/E ratio of 371.40 and a beta of 1.01. Viant Technology has a 52-week low of $7.77 and a 52-week high of $26.33. The business’s fifty day moving average is $20.71 and its 200-day moving average is $15.60.

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.