Viant Technology (NASDAQ:DSP) Price Target Raised to $21.00 at Needham & Company LLC

Viant Technology (NASDAQ:DSP) had its price objective raised by Needham & Company LLC from $18.00 to $21.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms also recently weighed in on DSP. Scotiabank initiated coverage on Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price on the stock. JMP Securities boosted their target price on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Craig Hallum boosted their target price on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group boosted their target price on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Viant Technology has an average rating of “Buy” and a consensus price target of $18.13.

Viant Technology Stock Performance

NASDAQ DSP opened at $19.17 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 319.55 and a beta of 0.98. The business’s 50 day moving average price is $18.70 and its 200-day moving average price is $13.63. Viant Technology has a fifty-two week low of $6.50 and a fifty-two week high of $21.74.

Insider Transactions at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the 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 owns 358,624 shares of the company’s stock, valued at approximately $6,727,786.24. This represents a 3.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $20.51, for a total value of $153,825.00. Following the transaction, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,313 shares of company stock valued at $2,122,470. 28.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Viant Technology

A number of hedge funds have recently made changes to their positions in DSP. Federated Hermes Inc. lifted its stake in shares of Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after purchasing an additional 66,509 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Viant Technology by 102.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after purchasing an additional 48,826 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Viant Technology during the 2nd quarter worth $236,000. Martingale Asset Management L P purchased a new stake in shares of Viant Technology during the 3rd quarter worth $254,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Viant Technology by 42.8% during the 2nd quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock worth $721,000 after purchasing an additional 21,888 shares during the last quarter. 11.38% of the stock is currently owned by hedge funds and other 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.