Viant Technology (NASDAQ:DSP - Get Free Report)'s stock had its "buy" rating reissued by analysts at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $21.00 price objective on the stock. Needham & Company LLC's target price indicates a potential upside of 72.90% from the company's previous close.
DSP has been the subject of a number of other research reports. JMP Securities increased their price target on shares of Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research note on Monday, January 27th. Raymond James dropped their price target on shares of Viant Technology from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. Finally, Scotiabank assumed coverage on Viant Technology in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 price objective for the company. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $22.43.
View Our Latest Analysis on Viant Technology
Viant Technology Price Performance
DSP stock traded down $0.21 during trading hours on Wednesday, reaching $12.15. 224,437 shares of the stock were exchanged, compared to its average volume of 218,202. The company has a market cap of $766.10 million, a price-to-earnings ratio of 204.03 and a beta of 1.21. The firm's 50-day moving average is $17.81 and its 200-day moving average is $16.60. Viant Technology has a 12 month low of $7.77 and a 12 month high of $26.33.
Insider Buying and Selling at Viant Technology
In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now directly owns 344,340 shares of the company's stock, valued at approximately $7,961,140.80. This trade represents a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 28.80% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of DSP. JPMorgan Chase & Co. boosted its holdings in Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock worth $8,323,000 after buying an additional 341,684 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Viant Technology by 189.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company's stock worth $4,961,000 after purchasing an additional 171,047 shares during the period. Raymond James Financial Inc. bought a new position in shares of Viant Technology in the fourth quarter worth approximately $3,022,000. Millennium Management LLC increased its holdings in Viant Technology by 784.8% during the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company's stock valued at $3,247,000 after purchasing an additional 151,662 shares during the period. Finally, Marshall Wace LLP raised its holdings in Viant Technology by 182.1% in the 4th quarter. Marshall Wace LLP now owns 219,060 shares of the company's stock worth $4,160,000 after purchasing an additional 141,403 shares in the last quarter. Institutional investors own 11.38% of the company's stock.
Viant Technology Company Profile
(
Get Free Report)
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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