Needham & Company LLC Reiterates Buy Rating for Viant Technology (NASDAQ:DSP)

Viant Technology (NASDAQ:DSP - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They presently have a $21.00 price target on the stock. Needham & Company LLC's target price indicates a potential upside of 43.15% from the company's previous close.

DSP has been the topic of a number of other reports. Canaccord Genuity Group increased their price target on Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. Canaccord Genuity Group raised shares of Viant Technology from a "hold" rating to a "buy" rating and increased their target price for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Craig Hallum lifted their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. JMP Securities increased their price objective 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. Finally, Scotiabank began coverage on Viant Technology in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $27.00 target price for the company. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $22.43.

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Viant Technology Stock Performance

Shares of DSP stock traded down $0.39 during mid-day trading on Tuesday, hitting $14.67. The company's stock had a trading volume of 733,569 shares, compared to its average volume of 193,871. The company has a market cap of $922.04 million, a PE ratio of 244.54 and a beta of 1.02. The company's fifty day simple moving average is $20.41 and its 200-day simple moving average is $16.21. Viant Technology has a 52 week low of $7.77 and a 52 week high of $26.33.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology 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 sale, the chief financial officer now owns 344,340 shares of the company's stock, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 28.80% of the company's stock.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds have recently modified their holdings of DSP. JPMorgan Chase & Co. grew its holdings in Viant Technology by 102.2% during the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company's stock valued at $1,069,000 after purchasing an additional 48,826 shares during the period. Geode Capital Management LLC grew its stake in shares of Viant Technology by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company's stock worth $4,045,000 after acquiring an additional 6,803 shares during the period. Barclays PLC grew its stake in shares of Viant Technology by 74.7% during the 3rd quarter. Barclays PLC now owns 39,255 shares of the company's stock worth $435,000 after acquiring an additional 16,784 shares during the period. FMR LLC increased its holdings in Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after acquiring an additional 3,123 shares during the last quarter. Finally, State Street Corp raised its stake in Viant Technology by 0.6% in the 3rd quarter. State Street Corp now owns 283,365 shares of the company's stock valued at $3,137,000 after acquiring an additional 1,722 shares during the period. Institutional investors own 11.38% of the company's stock.

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.