Viant Technology (NASDAQ:DSP) Rating Increased to Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Viant Technology (NASDAQ:DSP) from a hold rating to a buy rating in a research note published on Wednesday morning, MarketBeat.com reports. The firm currently has $18.00 target price on the stock, up from their prior target price of $13.00.

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of Viant Technology in a research note on Tuesday, August 13th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology has a consensus rating of “Buy” and a consensus target price of $15.86.

Viant Technology Trading Up 5.3 %

Shares of NASDAQ DSP opened at $16.21 on Wednesday. The stock’s 50-day moving average is $11.67 and its 200 day moving average is $10.59. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 270.17 and a beta of 0.72. Viant Technology has a 1-year low of $5.36 and a 1-year high of $16.97.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the transaction, the chief financial officer now owns 538,434 shares in the company, valued at approximately $5,949,695.70. The trade was a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 10,419 shares of company stock valued at $116,647. 28.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Viant Technology in the 2nd quarter worth approximately $47,000. FMR LLC lifted its stake 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. Ashton Thomas Private Wealth LLC bought a new stake in Viant Technology in the second quarter valued at $84,000. Victory Capital Management Inc. purchased a new position in Viant Technology during the 3rd quarter valued at $122,000. Finally, Summit Global Investments bought a new position in Viant Technology in the 2nd quarter worth $111,000. Hedge funds and other institutional investors 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.