Viant Technology (NASDAQ:DSP) Shares Up 4.2% – Time to Buy?

Viant Technology Inc. (NASDAQ:DSP)’s stock price shot up 4.2% during trading on Tuesday . The company traded as high as $13.10 and last traded at $12.93. 250,499 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 213,180 shares. The stock had previously closed at $12.41.

Analyst Ratings Changes

Several equities analysts recently issued reports on DSP shares. 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 research note on Monday, January 27th. Needham & Company LLC reissued a “buy” rating and set a $21.00 target price on shares of Viant Technology in a research report on Tuesday, March 4th. Canaccord Genuity Group lifted their target price on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Raymond James decreased their price objective on Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, March 4th. Finally, Scotiabank began coverage on Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $22.43.

Viant Technology Trading Up 6.6 %

The business has a 50-day moving average price of $18.41 and a two-hundred day moving average price of $16.54. The firm has a market capitalization of $834.66 million, a price-to-earnings ratio of 218.82 and a beta of 1.02.

Insiders Place Their Bets

In related news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 28.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new position in Viant Technology during the fourth quarter valued at approximately $27,000. Summit Investment Advisors Inc. boosted its stake in Viant Technology by 83.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after buying an additional 728 shares in the last quarter. FMR LLC increased its position 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 in the last quarter. Quantbot Technologies LP acquired a new position in shares of Viant Technology in the 4th quarter worth approximately $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Viant Technology during the fourth quarter worth $88,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

About Viant Technology

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.