Viant Technology (NASDAQ:DSP) Given Buy Rating at Needham & Company LLC

Viant Technology (NASDAQ:DSP)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $21.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 6.33% from the stock’s current price.

DSP has been the subject of a number of other research reports. Scotiabank started coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective for the company. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. Canaccord Genuity Group lifted their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JMP Securities increased their target price on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Finally, Craig Hallum raised their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Viant Technology currently has a consensus rating of “Buy” and an average price target of $20.29.

Viant Technology Trading Down 1.2 %

Shares of NASDAQ DSP opened at $19.75 on Tuesday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 329.22 and a beta of 1.01. Viant Technology has a one year low of $7.77 and a one year high of $26.33. The business has a fifty day simple moving average of $20.74 and a 200 day simple moving average of $16.20.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the completion of the transaction, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. This represents a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,352 shares of company stock valued at $1,030,720 in the last three months. 28.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DSP. Summit Global Investments boosted its position in Viant Technology by 145.9% in the 3rd 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 during the last quarter. Victory Capital Management Inc. bought a new position in Viant Technology in the third quarter valued at about $122,000. Segall Bryant & Hamill LLC increased its position in Viant Technology by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after purchasing an additional 2,915 shares during the period. FMR LLC raised its holdings 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 during the last quarter. Finally, Martingale Asset Management L P acquired a new position in Viant Technology during the 3rd quarter valued at about $254,000. Institutional investors own 11.38% of the company’s stock.

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.