Viant Technology Inc. (NASDAQ:DSP) Receives $21.14 Average Price Target from Brokerages

Viant Technology Inc. (NASDAQ:DSP) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $21.14.

Several research firms have recently weighed in on DSP. Raymond James decreased their price target on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price target on shares of Viant Technology in a report on Wednesday, April 2nd. Finally, JMP Securities boosted their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th.

Viant Technology Trading Down 3.0 %

NASDAQ DSP opened at $12.75 on Friday. The stock has a market capitalization of $804.19 million, a price-to-earnings ratio of 212.54 and a beta of 1.21. Viant Technology has a twelve month low of $7.77 and a twelve month high of $26.33. The stock has a 50-day moving average of $15.94 and a 200 day moving average of $16.63.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the transaction, the chief financial officer now owns 344,340 shares in the company, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 28.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Viant Technology

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Viant Technology by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 471,200 shares of the company’s stock valued at $8,948,000 after acquiring an additional 106,400 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock valued at $8,323,000 after purchasing an additional 341,684 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Viant Technology during the 1st quarter worth about $3,867,000. Finally, State Street Corp grew its holdings in shares of Viant Technology by 0.6% during the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after buying an additional 1,722 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.

About Viant Technology

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.