Shares of Viant Technology Inc. (NASDAQ:DSP – Get Free Report) 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.
Get Our Latest Stock Report on Viant Technology
Viant Technology Stock Performance
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.
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