Viant Technology (NASDAQ:DSP) Price Target Lowered to $27.00 at Raymond James

Viant Technology (NASDAQ:DSP - Get Free Report) had its price target cut by analysts at Raymond James from $30.00 to $27.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Raymond James' price target would indicate a potential upside of 84.05% from the stock's previous close.

DSP has been the topic of a number of other research reports. Craig Hallum boosted their price objective on Viant Technology from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a research report on Tuesday. Canaccord Genuity Group upped their price target on Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. JMP Securities upped their price target 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 initiated coverage on Viant Technology in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $27.00 price target on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology has an average rating of "Buy" and a consensus target price of $22.43.

Viant Technology Price Performance

DSP stock traded down $0.39 during midday trading on Tuesday, reaching $14.67. 733,569 shares of the stock were exchanged, compared to its average volume of 193,954. The stock has a market capitalization of $922.04 million, a PE ratio of 244.54 and a beta of 1.02. Viant Technology has a 52 week low of $7.77 and a 52 week high of $26.33. The company has a fifty day moving average price of $20.32 and a 200 day moving average price of $16.28.

Remove Ads

Insider Activity

In other news, CFO Larry Madden sold 14,284 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was 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 $7,961,140.80. The trade was a 3.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 28.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its stake in Viant Technology by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company's stock worth $1,111,000 after buying an additional 465 shares during the period. Summit Investment Advisors Inc. raised its stake in Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock worth $30,000 after buying an additional 728 shares during the period. New York State Teachers Retirement System acquired a new position in Viant Technology during the 4th quarter worth approximately $27,000. State Street Corp raised its stake in Viant Technology by 0.6% during the 3rd 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 during the period. Finally, Segall Bryant & Hamill LLC raised its stake in 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 period. 11.38% of the stock is owned by institutional investors and hedge funds.

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.