Viant Technology (NASDAQ:DSP - Get Free Report) had its price target upped by research analysts at Needham & Company LLC from $18.00 to $21.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's target price suggests a potential upside of 9.55% from the company's previous close.
Several other analysts also recently issued reports on the company. Scotiabank started coverage on Viant Technology in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 price target for the company. Canaccord Genuity Group upgraded Viant Technology from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Canaccord Genuity Group raised their target price on Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Craig Hallum upped their price target on Viant Technology from $14.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, JMP Securities raised their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the stock a "market outperform" rating in a research note on Wednesday, November 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $18.13.
Read Our Latest Report on DSP
Viant Technology Stock Performance
Shares of Viant Technology stock traded up $0.61 during trading on Friday, hitting $19.17. 220,797 shares of the stock traded hands, compared to its average volume of 176,647. The stock has a market cap of $1.20 billion, a P/E ratio of 319.55 and a beta of 0.98. The company has a fifty day moving average price of $18.82 and a two-hundred day moving average price of $13.69. Viant Technology has a twelve month low of $6.50 and a twelve month high of $21.74.
Insider Activity at Viant Technology
In related news, Director Max O. Valdes sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction 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. This trade represents a 10.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Larry Madden sold 67,243 shares of the business's stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total value of $1,021,421.17. Following the completion of the sale, the chief financial officer now directly owns 461,107 shares in the company, valued at approximately $7,004,215.33. This represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,313 shares of company stock worth $2,122,470. 28.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company's stock valued at $3,137,000 after buying an additional 1,722 shares in the last quarter. Rhumbline Advisers lifted its holdings in Viant Technology by 5.1% during the 2nd quarter. Rhumbline Advisers now owns 42,430 shares of the company's stock worth $419,000 after buying an additional 2,070 shares in the last quarter. Segall Bryant & Hamill LLC boosted its position in Viant Technology by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company's stock valued at $4,959,000 after buying an additional 2,915 shares during the last quarter. FMR LLC increased 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 buying an additional 3,123 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Viant Technology during the fourth quarter worth $88,000. 11.38% of the stock is owned by institutional investors.
About Viant Technology
(
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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