Viant Technology (NASDAQ:DSP) Price Target Raised to $24.00 at JMP Securities

Viant Technology (NASDAQ:DSP) had its target price raised by research analysts at JMP Securities from $17.00 to $24.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ price target would suggest a potential upside of 17.90% from the company’s previous close.

DSP has been the subject of a number of other reports. Craig Hallum raised their target price on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group lifted their price target on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Needham & Company LLC upped their price target on Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Finally, Scotiabank initiated coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price for the company. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology has an average rating of “Buy” and a consensus price target of $20.29.

Viant Technology Stock Performance

Shares of DSP traded down $0.16 during trading hours on Monday, reaching $20.36. 46,472 shares of the company traded hands, compared to its average volume of 204,890. The stock’s fifty day moving average is $19.33 and its 200 day moving average is $14.09. Viant Technology has a 1-year low of $7.77 and a 1-year high of $21.74. The stock has a market cap of $1.28 billion, a P/E ratio of 339.32 and a beta of 0.98.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $19.51, for a total transaction of $278,680.84. Following the completion of the transaction, the chief financial officer now directly owns 378,350 shares in the company, valued at approximately $7,381,608.50. The trade was a 3.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the transaction, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 125,815 shares of company stock valued at $2,105,138 over the last three months. Company insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Viant Technology during the fourth quarter worth $88,000. FMR LLC grew its position 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of Viant Technology during the fourth quarter worth approximately $142,000. Victory Capital Management Inc. acquired a new stake in shares of Viant Technology in the third quarter valued at approximately $122,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Viant Technology in the second quarter valued at approximately $112,000. 11.38% of the stock is currently owned by 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.