Viant Technology Inc. (NASDAQ:DSP) Given Average Rating of “Buy” by Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned an average rating of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.75.

Several equities analysts have recently commented on the stock. JMP Securities upped their price objective on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC upped their price objective on shares of Viant Technology from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Scotiabank initiated coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price on the stock. Canaccord Genuity Group upped their target price on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th.

Insider Buying and Selling at Viant Technology

In related news, CFO Larry Madden sold 2,768 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the transaction, the chief financial officer now directly owns 529,848 shares of the company’s stock, valued at $5,950,193.04. This trade represents a 0.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the transaction, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 121,950 shares of company stock valued at $1,953,817. Insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology in the second quarter valued at about $47,000. FMR LLC increased its holdings in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Viant Technology during the 2nd quarter valued at about $84,000. Summit Global Investments purchased a new position in Viant Technology during the 2nd quarter valued at about $111,000. Finally, Mackenzie Financial Corp purchased a new position in Viant Technology during the 2nd quarter valued at about $112,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Stock Performance

Shares of DSP stock opened at $20.97 on Friday. The firm’s 50 day moving average price is $14.95 and its 200-day moving average price is $11.95. Viant Technology has a one year low of $6.31 and a one year high of $21.74. The firm has a market cap of $1.32 billion, a P/E ratio of 349.50 and a beta of 1.00.

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.