Viant Technology (NASDAQ:DSP – Get Free Report) had its target price hoisted by equities researchers at JMP Securities from $17.00 to $24.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 12.20% from the company’s current price.
Several other research firms have also recently issued reports on DSP. Craig Hallum increased their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group increased their target price on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Needham & Company LLC boosted their price target on shares of Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $18.00 in a report on Wednesday, November 13th. Finally, Scotiabank began coverage on Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price on the stock. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $20.29.
Read Our Latest Report on Viant Technology
Viant Technology Trading Up 5.9 %
Insider Buying and Selling at Viant Technology
In related news, Director Max O. Valdes sold 7,500 shares of the stock in a transaction on 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 sale, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Larry Madden sold 67,243 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.19, for a total value of $1,021,421.17. Following the completion of the transaction, the chief financial officer now owns 461,107 shares in the company, valued at $7,004,215.33. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,815 shares of company stock valued at $2,105,138. 28.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Viant Technology
A number of hedge funds have recently added to or reduced their stakes in DSP. Dimensional Fund Advisors LP grew its position in Viant Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after acquiring an additional 6,064 shares in the last quarter. XTX Topco Ltd increased its position in Viant Technology by 55.1% during the second quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock worth $207,000 after buying an additional 7,437 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Viant Technology by 42.8% during the second quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock valued at $721,000 after buying an additional 21,888 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Viant Technology in the second quarter worth about $236,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Viant Technology during the 2nd quarter worth about $112,000. Institutional investors and hedge funds own 11.38% of the company’s stock.
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.
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