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

Viant Technology Inc. (NASDAQ:DSP) has been assigned an average recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $22.43.

Several research firms have recently weighed in on DSP. JMP Securities boosted their target price on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Canaccord Genuity Group boosted their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Viant Technology in a research report on Tuesday, March 4th. Raymond James cut their target price on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Tuesday, March 4th. Finally, Scotiabank started coverage on shares of Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective on the stock.

Insider Buying and Selling at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the sale, the chief financial officer now owns 344,340 shares in the company, valued at $7,961,140.80. This trade 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 this link. 28.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently modified their holdings of DSP. New York State Teachers Retirement System acquired a new position in Viant Technology during the fourth quarter worth $27,000. Summit Investment Advisors Inc. boosted its position in shares of Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after purchasing an additional 728 shares in the last quarter. FMR LLC grew its stake in shares of Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares during the period. Quantbot Technologies LP acquired a new position in shares of Viant Technology during the 4th quarter worth $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Viant Technology in the 4th quarter valued at about $88,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Trading Down 0.9 %

DSP stock opened at $12.13 on Tuesday. Viant Technology has a twelve month low of $7.77 and a twelve month high of $26.33. The stock has a market cap of $765.09 million, a P/E ratio of 202.20 and a beta of 1.02. The company’s 50 day moving average is $19.56 and its two-hundred day moving average is $16.39.

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.