Viant Technology Inc. (NASDAQ:DSP) Receives $22.43 Consensus Target Price from Analysts

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has earned a consensus rating of "Buy" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $22.43.

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. Scotiabank assumed coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 target price on the stock. Raymond James dropped their target price on Viant Technology from $30.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price target on shares of Viant Technology in a report on Tuesday, March 4th. Finally, JMP Securities raised their price objective on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a report on Monday, January 27th.

Viant Technology Price Performance

DSP stock traded up $0.25 during trading on Tuesday, hitting $12.46. 368,318 shares of the company traded hands, compared to its average volume of 208,888. Viant Technology has a 1 year low of $7.77 and a 1 year high of $26.33. The stock's 50-day simple moving average is $19.19 and its 200 day simple moving average is $16.34. The company has a market cap of $785.90 million, a PE ratio of 207.70 and a beta of 1.02.

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Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total transaction of $267,967.84. Following the sale, the chief financial officer now owns 358,624 shares of the company's stock, valued at $6,727,786.24. The trade was a 3.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 28.80% of the company's stock.

Hedge Funds Weigh In On Viant Technology

Hedge funds and other institutional investors have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new stake in Viant Technology in the 4th quarter valued at about $27,000. Summit Investment Advisors Inc. increased its holdings in shares of Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company's stock valued at $30,000 after purchasing an additional 728 shares during the last quarter. FMR LLC lifted its position in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after buying an additional 3,123 shares in the last quarter. Quantbot Technologies LP purchased a new position in Viant Technology during the fourth quarter worth approximately $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Viant Technology during the fourth quarter worth $88,000. 11.38% of the stock is owned by hedge funds and other institutional investors.

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.