Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $17.75

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus rating of “Buy” by the eight research firms that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.75.

DSP has been the subject of a number of analyst reports. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Needham & Company LLC upped their price objective on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Scotiabank started coverage on Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. Canaccord Genuity Group increased their price objective 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, Craig Hallum upped 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.

Viant Technology Stock Performance

Viant Technology stock opened at $19.37 on Thursday. The stock’s 50 day simple moving average is $17.61 and its two-hundred day simple moving average is $13.11. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 322.89 and a beta of 1.00. Viant Technology has a fifty-two week low of $6.50 and a fifty-two week high of $21.74.

Insiders Place Their Bets

In other news, Director Max O. Valdes sold 7,500 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the completion of the sale, the chief financial officer now directly owns 358,624 shares in the company, valued at $6,727,786.24. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,034 shares of company stock worth $2,175,409 over the last three months. 28.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Segall Bryant & Hamill LLC increased its position in shares of Viant Technology by 0.7% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after purchasing an additional 2,915 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after acquiring an additional 6,803 shares in the last quarter. State Street Corp raised its position in Viant Technology by 0.6% during the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after purchasing an additional 1,722 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Viant Technology by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after buying an additional 6,064 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Viant Technology by 659.4% during the 2nd quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after buying an additional 123,635 shares in the last quarter. 11.38% of the stock is currently owned by institutional investors.

Viant Technology Company Profile

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.