Viant Technology Inc. (NASDAQ:DSP) Given Consensus Recommendation of "Buy" by Brokerages

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) has earned a consensus recommendation of "Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.75.

A number of analysts have recently issued reports on the company. Craig Hallum lifted their target price on Viant Technology from $14.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Scotiabank assumed coverage on Viant Technology in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 target price for the company. Canaccord Genuity Group raised their price target on shares of Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and upped their price target for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Finally, Needham & Company LLC raised their price objective on shares of Viant Technology from $12.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th.

Insider Buying and Selling

In other news, Director Max O. Valdes sold 7,500 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the sale, the director now directly owns 63,452 shares of the company's stock, valued at $1,301,400.52. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Larry Madden sold 2,768 shares of the business's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $11.23, for a total value of $31,084.64. Following the sale, the chief financial officer now directly owns 529,848 shares in the company, valued at $5,950,193.04. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,750 shares of company stock valued at $1,907,441 over the last quarter. Corporate insiders own 28.80% of the company's stock.

Institutional Trading of Viant Technology

Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of Viant Technology by 14.8% in the second quarter. Bank of New York Mellon Corp now owns 43,571 shares of the company's stock worth $430,000 after purchasing an additional 5,601 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Viant Technology in the 2nd quarter worth approximately $47,000. Rhumbline Advisers boosted its stake in shares of Viant Technology by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 42,430 shares of the company's stock valued at $419,000 after buying an additional 2,070 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company's stock valued at $1,403,000 after acquiring an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology in the second quarter worth $84,000. 11.38% of the stock is owned by institutional investors and hedge funds.

Viant Technology Trading Down 0.5 %

NASDAQ:DSP traded down $0.09 during mid-day trading on Thursday, hitting $18.90. The company had a trading volume of 217,737 shares, compared to its average volume of 140,742. The business has a fifty day simple moving average of $17.29 and a 200-day simple moving average of $12.98. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 315.05 and a beta of 1.00. Viant Technology has a 1 year low of $6.39 and a 1 year high of $21.74.

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.