Viant Technology (NASDAQ:DSP) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $21.00 target price on the stock.

DSP has been the topic of a number of other reports. Craig Hallum lifted their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Canaccord Genuity Group lifted their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JMP Securities lifted their price target on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Scotiabank initiated coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target on the stock. Finally, Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Viant Technology presently has a consensus rating of “Buy” and a consensus price target of $22.43.

Viant Technology Stock Performance

Shares of NASDAQ DSP opened at $15.06 on Tuesday. The company has a market cap of $946.55 million, a P/E ratio of 251.04 and a beta of 1.02. The firm’s fifty day moving average is $20.41 and its two-hundred day moving average is $16.21. Viant Technology has a 52-week low of $7.77 and a 52-week high of $26.33.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Large investors have recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in shares of Viant Technology during the 4th quarter worth about $27,000. Summit Investment Advisors Inc. boosted its stake in shares of Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after purchasing an additional 728 shares during the period. Quantbot Technologies LP purchased a new position in shares of Viant Technology during the 4th quarter worth about $80,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Viant Technology during the 4th quarter worth about $88,000. Finally, FMR LLC boosted its stake in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares during the period. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.