Viant Technology Inc. (NASDAQ:DSP) Receives $20.29 Consensus Price Target from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been assigned an average rating of "Buy" from the seven research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $20.29.

A number of research firms recently issued reports on DSP. Needham & Company LLC boosted their target price on shares of Viant Technology from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Canaccord Genuity Group upgraded shares of Viant Technology from a "hold" rating to a "buy" rating and upped their target price for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Canaccord Genuity Group increased their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Craig Hallum increased their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, JMP Securities increased their target price on shares of Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a research report on Monday, January 27th.

Insider Transactions at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the 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 completion of the sale, the chief financial officer now directly owns 344,340 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the sale, the director now owns 63,452 shares of the company's stock, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,352 shares of company stock valued at $1,030,720. 28.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DSP. Summit Global Investments raised its position in Viant Technology by 145.9% during the third quarter. Summit Global Investments now owns 27,736 shares of the company's stock valued at $307,000 after acquiring an additional 16,457 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Viant Technology during the third quarter valued at approximately $122,000. Segall Bryant & Hamill LLC raised its position in Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company's stock valued at $4,959,000 after acquiring an additional 2,915 shares in the last quarter. FMR LLC grew its holdings in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company's stock valued at $79,000 after purchasing an additional 3,123 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in Viant Technology in the third quarter valued at approximately $254,000. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

Viant Technology Stock Performance

NASDAQ:DSP traded down $1.27 during mid-day trading on Friday, reaching $21.01. 330,592 shares of the company's stock were exchanged, compared to its average volume of 284,564. Viant Technology has a one year low of $7.77 and a one year high of $26.33. The firm has a market capitalization of $1.32 billion, a PE ratio of 350.23 and a beta of 1.01. The business's fifty day simple moving average is $20.71 and its two-hundred day simple moving average is $15.60.

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.