Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $21.14

Viant Technology Inc. (NASDAQ:DSP) has been assigned an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $21.14.

A number of brokerages have weighed in on DSP. JMP Securities increased 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. Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price objective on shares of Viant Technology in a research note on Wednesday, April 2nd. Finally, Raymond James dropped their target price on Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday.

Viant Technology Price Performance

Shares of NASDAQ DSP opened at $12.87 on Friday. The business’s fifty day moving average price is $16.39 and its 200-day moving average price is $16.68. Viant Technology has a one year low of $7.77 and a one year high of $26.33. The stock has a market capitalization of $811.76 million, a PE ratio of 214.54 and a beta of 1.21.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the company’s 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 directly owns 344,340 shares in the company, valued at $7,961,140.80. This represents a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Large investors have recently modified their holdings of the business. FMR LLC raised its stake in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares in the last quarter. State Street Corp raised its position in shares of Viant Technology by 0.6% during 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 in the last quarter. Barclays PLC raised its position in shares of Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after buying an additional 16,784 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Viant Technology by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after acquiring an additional 6,803 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after acquiring an additional 48,826 shares in the last quarter. Institutional investors 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.