Raymond James Lowers Viant Technology (NASDAQ:DSP) Price Target to $18.00

Viant Technology (NASDAQ:DSP) had its price target reduced by stock analysts at Raymond James from $27.00 to $18.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 38.57% from the company’s previous close.

Several other equities analysts have also commented on DSP. Needham & Company LLC reissued a “buy” rating and set a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd. JMP Securities boosted their target price on shares of Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, January 27th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $21.14.

Viant Technology Price Performance

NASDAQ:DSP opened at $12.99 on Friday. The business’s 50-day moving average is $16.60 and its two-hundred day moving average is $16.62. The firm has a market capitalization of $819.33 million, a PE ratio of 216.54 and a beta of 1.21. Viant Technology has a 12 month low of $7.77 and a 12 month high of $26.33.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the stock in a transaction on Wednesday, February 5th. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 28.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System bought a new position in Viant Technology during the 4th quarter worth $27,000. Summit Investment Advisors Inc. boosted its holdings in shares of Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares during the period. FMR LLC grew its position in shares of Viant Technology by 77.9% during 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 during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Viant Technology in the 4th quarter worth about $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Viant Technology in the 4th quarter valued at about $88,000. 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.