Viant Technology Inc. (NASDAQ:DSP) Receives $17.75 Average Price Target from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have received a consensus recommendation of "Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.75.

DSP has been the subject of a number of research analyst reports. Craig Hallum increased their target price on Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Needham & Company LLC upped their price objective on Viant Technology from $12.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Canaccord Genuity Group upgraded shares of Viant Technology from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Canaccord Genuity Group increased their target price on Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Finally, JMP Securities increased their price target on Viant Technology from $12.00 to $17.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 13th.

Viant Technology Price Performance

Shares of NASDAQ:DSP traded down $0.04 during trading on Friday, reaching $20.35. 197,357 shares of the company were exchanged, compared to its average volume of 275,210. Viant Technology has a 12-month low of $6.31 and a 12-month high of $21.07. The firm has a market capitalization of $1.28 billion, a PE ratio of 339.22 and a beta of 1.00. The business's fifty day simple moving average is $14.14 and its 200-day simple moving average is $11.64.

Insider Buying and Selling

In related news, CFO Larry Madden sold 2,768 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $11.23, for a total transaction of $31,084.64. Following the sale, the chief financial officer now owns 529,848 shares in the company, valued at approximately $5,950,193.04. This trade represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 114,450 shares of company stock valued at $1,799,992 over the last quarter. Company insiders own 28.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Viant Technology in the 2nd quarter valued at $47,000. FMR LLC lifted its stake in shares of Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock valued at $79,000 after purchasing an additional 3,123 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth about $84,000. Summit Global Investments acquired a new stake in Viant Technology during the 2nd quarter worth approximately $111,000. Finally, Mackenzie Financial Corp purchased a new position in Viant Technology in the second quarter valued at approximately $112,000. 11.38% of the stock is currently 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.