Raymond James Financial Inc. Invests $3.02 Million in Viant Technology Inc. (NASDAQ:DSP)

Raymond James Financial Inc. bought a new position in Viant Technology Inc. (NASDAQ:DSP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 159,140 shares of the company's stock, valued at approximately $3,022,000. Raymond James Financial Inc. owned about 0.25% of Viant Technology at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new stake in shares of Viant Technology during the 4th quarter valued at about $27,000. FMR LLC grew its position in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company's stock valued at $79,000 after buying an additional 3,123 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Viant Technology during the fourth quarter valued at approximately $88,000. Victory Capital Management Inc. purchased a new stake in Viant Technology during the third quarter valued at approximately $122,000. Finally, SG Americas Securities LLC bought a new position in Viant Technology in the fourth quarter worth approximately $142,000. Institutional investors own 11.38% of the company's stock.

Wall Street Analysts Forecast Growth

DSP has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and set a $21.00 price objective on shares of Viant Technology in a research report on Wednesday. Raymond James reduced their price target on Viant Technology from $30.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, March 4th. JMP Securities lifted their price objective on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research report on Monday, January 27th. Finally, Scotiabank started coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a "sector outperform" rating and a $27.00 target price for the company. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $22.43.

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Viant Technology Price Performance

Shares of NASDAQ DSP traded up $0.36 during mid-day trading on Wednesday, reaching $13.64. The company's stock had a trading volume of 463,618 shares, compared to its average volume of 214,837. Viant Technology Inc. has a 52 week low of $7.77 and a 52 week high of $26.33. The stock has a fifty day moving average of $18.13 and a two-hundred day moving average of $16.53. The firm has a market capitalization of $860.33 million, a PE ratio of 227.37 and a beta of 1.02.

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology 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 sale, the chief financial officer now directly owns 344,340 shares in the company, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 28.80% of the stock is owned by insiders.

Viant Technology 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.