Viant Technology (NASDAQ:DSP) Given New $27.00 Price Target at Raymond James

Viant Technology (NASDAQ:DSP) had its price target cut by equities researchers at Raymond James from $30.00 to $27.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 88.55% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price target on shares of Viant Technology in a report on Tuesday. Craig Hallum boosted their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Finally, Scotiabank started coverage on shares of Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $21.13.

Viant Technology Stock Down 27.5 %

Shares of NASDAQ DSP traded down $5.43 on Tuesday, hitting $14.32. The company had a trading volume of 922,722 shares, compared to its average volume of 184,861. Viant Technology has a 12-month low of $7.77 and a 12-month high of $26.33. The firm has a market capitalization of $900.04 million, a P/E ratio of 238.02 and a beta of 1.01. The business has a 50 day moving average of $20.74 and a two-hundred day moving average of $16.20.

Insider Activity

In related news, Director Max O. Valdes sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now directly owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Larry Madden sold 14,284 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the completion of the sale, the chief financial officer now owns 358,624 shares of the company’s stock, valued at approximately $6,727,786.24. The trade was a 3.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,352 shares of company stock worth $1,030,720 over the last 90 days. 28.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of Viant Technology by 0.8% in the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock valued at $1,111,000 after buying an additional 465 shares in the last quarter. Summit Investment Advisors Inc. increased 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 last quarter. New York State Teachers Retirement System acquired a new stake in shares of Viant Technology in the 4th quarter valued at $27,000. State Street Corp increased its position in 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 buying an additional 1,722 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after buying an additional 2,915 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

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.