Viant Technology (NASDAQ:DSP) Given New $24.00 Price Target at JMP Securities

Viant Technology (NASDAQ:DSPFree Report) had its target price hoisted by JMP Securities from $17.00 to $24.00 in a research report report published on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

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

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Viant Technology Trading Up 1.4 %

NASDAQ:DSP opened at $21.70 on Monday. The company has a 50-day moving average of $19.52 and a 200-day moving average of $14.29. Viant Technology has a twelve month low of $7.77 and a twelve month high of $21.91. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 361.73 and a beta of 0.98.

Insider Buying and Selling

In other Viant Technology news, 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 transaction, the director now owns 63,452 shares in the company, valued at approximately $1,301,400.52. This represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Larry Madden sold 67,243 shares of Viant Technology stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the sale, the chief financial officer now directly owns 461,107 shares of the company’s stock, valued at $7,004,215.33. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 125,815 shares of company stock valued at $2,105,138. Corporate insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DSP. JPMorgan Chase & Co. lifted its holdings in shares of Viant Technology by 102.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after buying an additional 48,826 shares during the last quarter. Geode Capital Management LLC raised its position in Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,803 shares in the last quarter. Barclays PLC lifted its stake in Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after acquiring an additional 16,784 shares during the last quarter. FMR LLC grew its position in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth $236,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Company Profile

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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.

Further Reading

Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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