Viant Technology Inc. (NASDAQ:DSP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP) have received an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have covered the stock in the last year is $22.43.

Several equities research analysts recently commented on the stock. JMP Securities boosted their price objective 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. Canaccord Genuity Group increased their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Raymond James dropped their price objective on shares of Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Tuesday, March 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a research note on Tuesday, March 4th. Finally, Scotiabank initiated coverage on Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company.

Viant Technology Stock Performance

Shares of DSP stock opened at $12.13 on Tuesday. The stock has a market cap of $765.09 million, a PE ratio of 202.20 and a beta of 1.02. Viant Technology has a 1 year low of $7.77 and a 1 year high of $26.33. The stock has a fifty day moving average price of $19.56 and a 200 day moving average price of $16.39.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total transaction of $267,967.84. Following the completion of the transaction, the chief financial officer now owns 358,624 shares of the company’s stock, valued at $6,727,786.24. This represents a 3.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

A number of institutional investors have recently bought and sold shares of DSP. Victory Capital Management Inc. purchased a new position in Viant Technology during the third quarter worth approximately $122,000. Segall Bryant & Hamill LLC increased its holdings in shares of Viant Technology by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after buying an additional 2,915 shares during the last quarter. FMR LLC raised its position in shares of Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after buying an additional 3,123 shares during the period. Martingale Asset Management L P acquired a new position in Viant Technology in the third quarter valued at $254,000. Finally, State Street Corp grew its position in Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares during the period. 11.38% of the stock is currently 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.