Viant Technology Inc. (NASDAQ:DSP - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 655,786 shares were traded during mid-day trading, an increase of 242% from the previous session's volume of 191,533 shares.The stock last traded at $15.10 and had previously closed at $15.09.
Analysts Set New Price Targets
A number of analysts recently issued reports on DSP shares. Raymond James dropped their price target on shares of Viant Technology from $30.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and issued a $21.00 target price on shares of Viant Technology in a report on Tuesday, March 4th. Craig Hallum upped their target price on Viant Technology from $14.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. JMP Securities boosted their price objective on Viant Technology from $17.00 to $24.00 and gave the company a "market outperform" rating in a research report on Monday, January 27th. Finally, Canaccord Genuity Group boosted their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Viant Technology has a consensus rating of "Buy" and an average price target of $22.43.
View Our Latest Stock Report on Viant Technology
Viant Technology Price Performance
The firm's fifty day moving average is $20.32 and its two-hundred day moving average is $16.32. The firm has a market cap of $838.45 million, a price-to-earnings ratio of 221.59 and a beta of 1.02.
Insider Activity at Viant Technology
In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the company'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 completion of the sale, the chief financial officer now directly owns 344,340 shares of the company's stock, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 28.80% of the company's stock.
Institutional Trading of Viant Technology
A number of hedge funds and other institutional investors have recently made changes to their positions in DSP. Summit Global Investments increased its holdings in shares of Viant Technology by 145.9% in the third quarter. Summit Global Investments now owns 27,736 shares of the company's stock valued at $307,000 after buying an additional 16,457 shares in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Viant Technology in the third quarter worth about $122,000. Segall Bryant & Hamill LLC raised its holdings in shares of Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company's stock valued at $4,959,000 after acquiring an additional 2,915 shares during the period. FMR LLC lifted its position 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 acquiring an additional 3,123 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in Viant Technology in the 3rd quarter worth approximately $254,000. 11.38% of the stock is currently 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.
Featured Articles
Before you consider Viant Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viant Technology wasn't on the list.
While Viant Technology currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
