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Viant Technology (NASDAQ:DSP) Hits New 52-Week High - Time to Buy?

Viant Technology logo with Business Services background

Viant Technology Inc. (NASDAQ:DSP - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $22.67 and last traded at $22.56, with a volume of 192049 shares changing hands. The stock had previously closed at $21.90.

Analysts Set New Price Targets

A number of equities analysts have commented on DSP shares. JMP Securities lifted their target price on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research note on Monday, January 27th. Needham & Company LLC increased their price target on Viant Technology from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Canaccord Genuity Group upgraded shares of Viant Technology from a "hold" rating to a "buy" rating and lifted their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Craig Hallum increased their target price on shares of Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Scotiabank started coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $20.29.

Get Our Latest Report on DSP

Viant Technology Price Performance

The business has a fifty day moving average price of $20.13 and a two-hundred day moving average price of $14.87. The firm has a market cap of $1.56 billion, a PE ratio of 412.74 and a beta of 1.01.

Insiders Place Their Bets

In related news, CFO Larry Madden sold 67,243 shares of the company's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the completion of the sale, the chief financial officer now directly owns 461,107 shares of the company's stock, valued at approximately $7,004,215.33. This represents a 12.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $20.51, for a total value of $153,825.00. Following the completion of the transaction, the director now owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,099 shares of company stock valued at $2,435,384 in the last three months. Insiders own 28.80% of the company's stock.

Institutional Trading of Viant Technology

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in shares of Viant Technology during the 4th quarter worth about $27,000. FMR LLC increased its holdings in 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 purchasing an additional 3,123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Viant Technology in the 4th quarter valued at $88,000. Victory Capital Management Inc. acquired a new position in Viant Technology in the third quarter worth $122,000. Finally, Algert Global LLC bought a new stake in shares of Viant Technology during the second quarter worth $128,000. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Company Profile

(Get Free Report)

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.

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