Viant Technology (NASDAQ:DSP) Upgraded at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Viant Technology (NASDAQ:DSP) from a hold rating to a buy rating in a research report released on Wednesday morning, MarketBeat reports. Canaccord Genuity Group currently has $18.00 price target on the stock, up from their prior price target of $13.00.

Several other equities analysts have also weighed in on the stock. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $18.00 in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $15.86.

Viant Technology Trading Up 5.3 %

DSP opened at $16.21 on Wednesday. The stock’s fifty day simple moving average is $11.67 and its 200 day simple moving average is $10.59. Viant Technology has a 1-year low of $5.36 and a 1-year high of $16.97. The stock has a market cap of $1.02 billion, a PE ratio of 270.17 and a beta of 0.72.

Insider Activity at Viant Technology

In other news, CFO Larry Madden sold 2,768 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $11.23, for a total transaction of $31,084.64. Following the completion of the sale, the chief financial officer now directly owns 529,848 shares in the company, valued at approximately $5,950,193.04. This represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 10,419 shares of company stock worth $116,647. Corporate insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

Institutional investors and hedge funds have recently bought and sold shares of the company. ClariVest Asset Management LLC bought a new position in Viant Technology in the 2nd quarter valued at about $1,387,000. Acadian Asset Management LLC increased its stake in Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after acquiring an additional 123,635 shares during the last quarter. Federated Hermes Inc. increased its stake in Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after acquiring an additional 66,509 shares during the last quarter. AQR Capital Management LLC bought a new stake in Viant Technology during the second quarter worth $236,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Viant Technology in the 3rd quarter valued at $254,000. 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.