Raymond James Financial Inc. Takes $3.02 Million Position in Viant Technology Inc. (NASDAQ:DSP)

Raymond James Financial Inc. bought a new position in Viant Technology Inc. (NASDAQ:DSP) during the 4th quarter, Holdings Channel reports. The institutional investor bought 159,140 shares of the company’s stock, valued at approximately $3,022,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSP. New York State Teachers Retirement System purchased a new position in Viant Technology in the fourth quarter valued at approximately $27,000. FMR LLC increased its position in shares of Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Viant Technology in the 4th quarter valued at $88,000. Victory Capital Management Inc. acquired a new position in shares of Viant Technology during the 3rd quarter valued at $122,000. Finally, SG Americas Securities LLC acquired a new position in shares of Viant Technology during the 4th quarter valued at $142,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Price Performance

DSP opened at $12.16 on Friday. Viant Technology Inc. has a 12-month low of $7.77 and a 12-month high of $26.33. The stock has a market capitalization of $766.98 million, a PE ratio of 202.70 and a beta of 1.02. The firm’s fifty day moving average price is $18.54 and its 200 day moving average price is $16.43.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the sale, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 28.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DSP. JMP Securities raised their price objective on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Raymond James reduced their price target on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Scotiabank initiated coverage on shares of Viant Technology in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. 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. Finally, Canaccord Genuity Group raised 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. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and a consensus price target of $22.43.

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.