Viant Technology Inc. (NASDAQ:DSP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.83.

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research report on Monday, May 20th.

Viant Technology Price Performance

Shares of NASDAQ DSP opened at $9.75 on Friday. Viant Technology has a 1-year low of $4.51 and a 1-year high of $12.36. The business’s 50 day moving average is $10.20 and its two-hundred day moving average is $9.58. The stock has a market capitalization of $619.08 million, a P/E ratio of -81.25 and a beta of 0.74.

Institutional Investors Weigh In On Viant Technology

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC grew its holdings in shares of Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after purchasing an additional 123,635 shares during the last quarter. G2 Investment Partners Management LLC grew its stake in Viant Technology by 11.6% in the 4th quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock worth $2,969,000 after acquiring an additional 44,779 shares in the last quarter. Bailard Inc. purchased a new position in shares of Viant Technology during the fourth quarter worth approximately $260,000. Heron Bay Capital Management purchased a new position in shares of Viant Technology during the first quarter worth approximately $243,000. Finally, Quadrature Capital Ltd raised its stake in shares of Viant Technology by 39.0% during the first quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock valued at $783,000 after acquiring an additional 20,668 shares in the last quarter. 11.38% of the stock is owned by institutional investors.

About Viant Technology

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.