Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $21.14

Shares of Viant Technology Inc. (NASDAQ:DSP - Get Free Report) have been assigned a consensus recommendation of "Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $21.14.

Several equities analysts recently issued reports on DSP shares. Needham & Company LLC reiterated a "buy" rating and issued a $21.00 target price on shares of Viant Technology in a research note on Wednesday, April 2nd. Raymond James reduced their price target on Viant Technology from $27.00 to $18.00 and set an "outperform" rating for the company in a report on Friday. 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.

Insider Activity

In other news, CFO Larry Madden sold 14,284 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were 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 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 is available at this link. Company insiders own 28.80% of the company's stock.

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Institutional Trading of Viant Technology

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

Viant Technology Stock Performance

NASDAQ DSP traded up $0.27 on Friday, reaching $13.14. 347,741 shares of the company's stock traded hands, compared to its average volume of 225,421. The stock has a 50 day moving average price of $16.39 and a 200-day moving average price of $16.68. The firm has a market cap of $828.79 million, a price-to-earnings ratio of 219.04 and a beta of 1.21. Viant Technology has a fifty-two week low of $7.77 and a fifty-two week high of $26.33.

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.