Viant Technology Inc. (NASDAQ:DSP) Receives Average Rating of “Buy” from Analysts

Viant Technology Inc. (NASDAQ:DSP) has been given a consensus rating of “Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $22.43.

DSP has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of Viant Technology in a research report on Tuesday, March 4th. Scotiabank initiated coverage on Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price for the company. Canaccord Genuity Group lifted 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. Raymond James cut their price target on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Finally, JMP Securities lifted their price target on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th.

Viant Technology Stock Up 2.0 %

Shares of NASDAQ DSP opened at $12.46 on Tuesday. The business has a fifty day simple moving average of $19.09 and a two-hundred day simple moving average of $16.39. The firm has a market cap of $785.90 million, a PE ratio of 207.70 and a beta of 1.02. Viant Technology has a twelve month low of $7.77 and a twelve month high of $26.33.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the sale, the chief financial officer now owns 358,624 shares in the company, valued at approximately $6,727,786.24. The trade was a 3.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.80% of the stock is owned by company insiders.

Institutional Trading of Viant Technology

Several large investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in Viant Technology by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock valued at $1,111,000 after purchasing an additional 465 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of 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 during the period. New York State Teachers Retirement System acquired a new position in shares of Viant Technology in the 4th quarter valued at about $27,000. State Street Corp lifted its holdings in shares of Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after buying an additional 1,722 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Viant Technology by 0.7% in the 3rd 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 during the period. Hedge funds and other 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.