Viant Technology Inc. (NASDAQ:DSP) Receives Consensus Rating of “Buy” from Brokerages

Viant Technology Inc. (NASDAQ:DSP) has received an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.29.

DSP has been the subject of a number of research reports. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and raised their target price for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th. Needham & Company LLC raised their price objective on Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Canaccord Genuity Group boosted their target price on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. JMP Securities increased their price target on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Finally, Craig Hallum upped their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Viant Technology Stock Up 0.5 %

Shares of NASDAQ DSP opened at $22.13 on Monday. The stock has a market cap of $1.39 billion, a P/E ratio of 368.89 and a beta of 0.98. The firm’s 50-day simple moving average is $19.65 and its 200 day simple moving average is $14.47. Viant Technology has a fifty-two week low of $7.77 and a fifty-two week high of $22.67.

Insider Transactions at Viant Technology

In related news, Director Max O. Valdes sold 7,500 shares of the business’s 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Larry Madden sold 22,504 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12. Following the completion of the transaction, the chief financial officer now owns 392,634 shares in the company, valued at $6,686,557.02. This trade represents a 5.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,815 shares of company stock worth $2,105,138 in the last 90 days. Corporate insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position 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 buying an additional 48,826 shares during the period. AQR Capital Management LLC bought a new position in Viant Technology during the second quarter worth $236,000. Martingale Asset Management L P acquired a new stake in Viant Technology in the third quarter worth $254,000. Squarepoint Ops LLC increased its stake in Viant Technology by 42.8% in the second quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock valued at $721,000 after purchasing an additional 21,888 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Viant Technology by 74.7% during the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares during the period. 11.38% of the stock is owned by 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.