Viant Technology Inc. (NASDAQ:DSP – Get Free Report) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 589,800 shares, a drop of 6.4% from the July 31st total of 630,400 shares. Based on an average daily trading volume, of 126,900 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.1% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
DSP has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Viant Technology in a research note on Tuesday, August 13th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $11.00 target price on shares of Viant Technology in a report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.80.
Get Our Latest Stock Analysis on DSP
Institutional Trading of Viant Technology
Viant Technology Trading Up 3.0 %
NASDAQ DSP opened at $11.13 on Monday. Viant Technology has a 12 month low of $4.98 and a 12 month high of $12.36. The company’s 50-day moving average price is $10.54 and its 200-day moving average price is $9.81. The stock has a market cap of $706.70 million, a PE ratio of -92.75 and a beta of 0.74.
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.
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