Raymond James Cuts Viant Technology (NASDAQ:DSP) Price Target to $18.00

Viant Technology (NASDAQ:DSP - Free Report) had its price objective decreased by Raymond James from $27.00 to $18.00 in a research report sent to investors on Friday morning,Benzinga reports. Raymond James currently has an outperform rating on the stock.

DSP has been the topic of a number of other research reports. JMP Securities lifted their price target on Viant Technology from $17.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday, January 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $21.00 target price on shares of Viant Technology in a research note on Wednesday, April 2nd. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $21.14.

Viant Technology Trading Up 2.1 %

DSP stock traded up $0.27 on Friday, hitting $13.14. 347,734 shares of the company's stock traded hands, compared to its average volume of 225,421. The stock 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 1-year low of $7.77 and a 1-year high of $26.33. The stock has a fifty day moving average of $16.39 and a 200-day moving average of $16.68.

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Insiders Place Their Bets

In related news, CFO Larry Madden sold 14,284 shares of the 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 completion of the sale, the chief financial officer now owns 344,340 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company 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 DSP. JPMorgan Chase & Co. increased its holdings in Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company's stock valued at $8,323,000 after buying an additional 341,684 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Viant Technology in the 1st quarter valued at approximately $3,867,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Viant Technology by 189.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 261,221 shares of the company's stock worth $4,961,000 after buying an additional 171,047 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Viant Technology during the 4th quarter worth approximately $3,022,000. Finally, Millennium Management LLC boosted its stake in Viant Technology by 784.8% in the 4th quarter. Millennium Management LLC now owns 170,987 shares of the company's stock valued at $3,247,000 after buying an additional 151,662 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors.

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.