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

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.75.

DSP has been the topic of a number of analyst reports. JMP Securities boosted their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Craig Hallum upped 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. Scotiabank assumed coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group boosted their target price on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th.

Viant Technology Stock Performance

NASDAQ DSP opened at $18.99 on Thursday. The business’s 50 day moving average price is $17.14 and its 200-day moving average price is $12.93. Viant Technology has a fifty-two week low of $6.31 and a fifty-two week high of $21.74. The company has a market cap of $1.19 billion, a P/E ratio of 316.55 and a beta of 1.00.

Insider Buying and Selling

In other news, Director Max O. Valdes sold 7,500 shares of the 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 in the company, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Larry Madden sold 67,243 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the completion of the transaction, the chief financial officer now directly owns 461,107 shares of the company’s stock, valued at $7,004,215.33. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,750 shares of company stock valued at $1,907,441 over the last quarter. 28.80% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC bought a new position in shares of Viant Technology during the 2nd quarter worth approximately $1,387,000. Acadian Asset Management LLC boosted its position in shares of Viant Technology by 659.4% in the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Viant Technology by 5,286.9% in the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after purchasing an additional 66,509 shares in the last quarter. JPMorgan Chase & Co. increased its position in Viant Technology by 102.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after buying an additional 48,826 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Viant Technology during the second quarter worth about $236,000. 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.