Craig Hallum Issues Positive Forecast for Viant Technology (NASDAQ:DSP) Stock Price

Viant Technology (NASDAQ:DSP) had its price target lifted by Craig Hallum from $14.00 to $18.00 in a report published on Wednesday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

A number of other brokerages have also weighed in on DSP. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and boosted their target price for the stock from $13.00 to $18.00 in a research report on Wednesday. Canaccord Genuity Group upgraded 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Viant Technology in a research report on Tuesday, August 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $15.86.

Viant Technology Trading Up 5.3 %

Shares of DSP opened at $16.21 on Wednesday. Viant Technology has a 12 month low of $5.36 and a 12 month high of $16.97. The business’s fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $10.60. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 270.17 and a beta of 0.72.

Insiders Place Their Bets

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 value 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 $5,950,193.04. This represents a 0.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 10,419 shares of company stock worth $116,647. Company insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. raised its stake in shares of Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after buying an additional 66,509 shares during the period. Quadrature Capital Ltd increased its holdings in Viant Technology by 39.0% in the 1st quarter. Quadrature Capital Ltd now owns 73,684 shares of the company’s stock worth $783,000 after acquiring an additional 20,668 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in Viant Technology during the 2nd quarter worth approximately $1,387,000. Acadian Asset Management LLC lifted its holdings in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Viant Technology during the second quarter valued at approximately $84,000. 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.