Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $19.29

Viant Technology Inc. (NASDAQ:DSPGet Free Report) has earned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $20.29.

Several brokerages have issued reports on DSP. Craig Hallum boosted their price target 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. Needham & Company LLC boosted their price objective on Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Scotiabank assumed coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target for the company. JMP Securities boosted their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday. Finally, Canaccord Genuity Group increased their price target on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd.

View Our Latest Analysis on DSP

Insider Buying and Selling

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total transaction of $267,967.84. Following the completion of the transaction, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction dated 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 owns 63,452 shares in the company, valued at approximately $1,301,400.52. This trade represents a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,815 shares of company stock worth $2,105,138 over the last ninety days. Company insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently made changes to their positions in DSP. JPMorgan Chase & Co. raised its position in shares of Viant Technology by 102.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after buying an additional 48,826 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Viant Technology by 1.9% during the 3rd 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. Barclays PLC grew its holdings in shares of Viant Technology by 74.7% during the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after purchasing an additional 16,784 shares during the last quarter. FMR LLC grew its holdings in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after acquiring an additional 3,123 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Viant Technology in the second quarter valued at $236,000. Institutional investors own 11.38% of the company’s stock.

Viant Technology Trading Up 1.4 %

DSP opened at $21.70 on Monday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 361.73 and a beta of 0.98. The business has a 50 day moving average of $19.52 and a 200-day moving average of $14.29. Viant Technology has a 1-year low of $7.77 and a 1-year high of $21.91.

About Viant Technology

(Get Free Report

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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Analyst Recommendations for Viant Technology (NASDAQ:DSP)

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