Viant Technology (NASDAQ:DSP) Shares Up 4.2% – Here’s What Happened

Viant Technology Inc. (NASDAQ:DSP) was up 4.2% during trading on Tuesday . The company traded as high as $13.10 and last traded at $12.93. Approximately 250,499 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 213,180 shares. The stock had previously closed at $12.41.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Scotiabank began coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price for the company. Raymond James decreased 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 reaffirmed a “buy” rating and issued a $21.00 target price on shares of Viant Technology in a research report on Tuesday, March 4th. Canaccord Genuity Group upped their price target 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, JMP Securities lifted their target price 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology presently has a consensus rating of “Buy” and a consensus price target of $22.43.

Viant Technology Trading Up 6.6 %

The firm has a market cap of $834.66 million, a price-to-earnings ratio of 218.82 and a beta of 1.02. The company’s 50-day moving average is $18.41 and its 200-day moving average is $16.54.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at $7,961,140.80. The trade was a 3.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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 bought and sold shares of the business. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology during the fourth quarter valued at approximately $27,000. Summit Investment Advisors Inc. lifted its position in shares of Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after buying an additional 728 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Viant Technology during the 4th quarter worth $80,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Viant Technology in the 4th quarter valued at about $88,000. Finally, FMR LLC lifted its holdings in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares during the last quarter. Institutional investors own 11.38% of the company’s stock.

Viant Technology Company Profile

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.