Viant Technology Inc. (NASDAQ:DSP) Receives $22.43 Average PT from Brokerages

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $22.43.

A number of equities analysts recently weighed in on the company. JMP Securities upped their price target on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Scotiabank assumed coverage on Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 price target on shares of Viant Technology in a report on Tuesday, March 4th. Canaccord Genuity Group upped their price target on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Raymond James reduced their price target on Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th.

Viant Technology Trading Up 2.0 %

NASDAQ DSP opened at $12.46 on Tuesday. The stock has a market capitalization of $785.90 million, a price-to-earnings ratio of 207.70 and a beta of 1.02. Viant Technology has a twelve month low of $7.77 and a twelve month high of $26.33. The stock has a 50-day moving average of $19.09 and a 200 day moving average of $16.39.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction that occurred on 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 represents a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 28.80% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in shares of Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after purchasing an additional 48,826 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Viant Technology by 1.9% in the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Barclays PLC grew its position in shares of Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares in the last quarter. FMR LLC grew its position in Viant Technology by 77.9% in the third 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 period. Finally, State Street Corp grew its position in Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after acquiring an additional 1,722 shares during the period. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

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.