Raymond James Cuts Viant Technology (NASDAQ:DSP) Price Target to $27.00

Viant Technology (NASDAQ:DSP) had its price target reduced by Raymond James from $30.00 to $27.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. JMP Securities boosted their target price on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Craig Hallum boosted their target price on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Scotiabank began coverage on shares of Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $21.00 target price on shares of Viant Technology in a report on Tuesday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $22.43.

Viant Technology Trading Down 0.2 %

NASDAQ:DSP opened at $15.06 on Tuesday. The firm’s 50 day moving average is $20.41 and its 200 day moving average is $16.21. Viant Technology has a 12 month low of $7.77 and a 12 month high of $26.33. The stock has a market capitalization of $946.55 million, a PE ratio of 251.04 and a beta of 1.02.

Insider Activity

In other news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the transaction, the chief financial officer now directly owns 344,340 shares in the company, valued at $7,961,140.80. The trade was a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DSP. New York State Teachers Retirement System purchased a new position in Viant Technology in the fourth quarter worth $27,000. Summit Investment Advisors Inc. grew its position in Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after acquiring an additional 728 shares in the last quarter. FMR LLC grew its position in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares in the last quarter. Quantbot Technologies LP purchased a new position in Viant Technology in the fourth quarter worth $80,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Viant Technology in the fourth quarter worth $88,000. 11.38% of the stock is currently owned by hedge funds and other 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.