Viant Technology Inc. (NASDAQ:DSP - Get Free Report) shares saw an uptick in trading volume on Thursday . 707,000 shares changed hands during mid-day trading, an increase of 249% from the previous session's volume of 202,407 shares.The stock last traded at $12.08 and had previously closed at $12.96.
Analyst Ratings Changes
A number of brokerages have commented on DSP. JMP Securities boosted their price objective 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. Scotiabank started coverage on Viant Technology in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $27.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Viant Technology in a research report on Tuesday, March 4th. Canaccord Genuity Group boosted their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, Raymond James decreased their target price 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. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $22.43.
Get Our Latest Report on DSP
Viant Technology Stock Down 0.9 %
The company has a market cap of $765.09 million, a P/E ratio of 202.20 and a beta of 1.02. The company has a 50 day moving average price of $19.69 and a 200-day moving average price of $16.38.
Insider Activity at Viant Technology
In other news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total transaction of $267,967.84. Following the transaction, the chief financial officer now directly owns 358,624 shares in the company, valued at approximately $6,727,786.24. This trade represents a 3.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 28.80% of the stock is currently owned by insiders.
Institutional Trading of Viant Technology
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new position in shares of Viant Technology in the 3rd quarter valued at $122,000. Segall Bryant & Hamill LLC lifted its position in shares of 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 acquiring an additional 2,915 shares in the last quarter. FMR LLC grew its position in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company's stock worth $79,000 after purchasing an additional 3,123 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Viant Technology during the 3rd quarter valued at $254,000. Finally, State Street Corp lifted its holdings 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 purchasing an additional 1,722 shares in the last quarter. 11.38% of the stock is owned by institutional investors and hedge funds.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
