Brokerages Set Viant Technology Inc. (NASDAQ:DSP) Price Target at $17.75

Viant Technology Inc. (NASDAQ:DSP) has received a consensus recommendation of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have covered the stock in the last year is $17.75.

Several research analysts have weighed in on the stock. Scotiabank began coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price for the company. Craig Hallum increased their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. JMP Securities boosted their target price on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised their price target on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Needham & Company LLC boosted their price objective on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Viant Technology Trading Down 0.7 %

NASDAQ DSP opened at $18.15 on Thursday. The stock has a fifty day simple moving average of $18.01 and a 200-day simple moving average of $13.30. The stock has a market cap of $1.14 billion, a PE ratio of 302.55 and a beta of 0.98. Viant Technology has a twelve month low of $6.50 and a twelve month high of $21.74.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 67,243 shares of Viant Technology stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.19, for a total value of $1,021,421.17. Following the completion of the transaction, the chief financial officer now owns 461,107 shares in the company, valued at approximately $7,004,215.33. This trade represents a 12.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,081 shares of company stock valued at $2,153,554. 28.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Viant Technology by 14.8% in the second quarter. Bank of New York Mellon Corp now owns 43,571 shares of the company’s stock valued at $430,000 after buying an additional 5,601 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology during the 2nd quarter worth about $47,000. Rhumbline Advisers raised its position in shares of Viant Technology by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 42,430 shares of the company’s stock worth $419,000 after acquiring an additional 2,070 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Viant Technology in the second quarter valued at approximately $84,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.