Viant Technology (NASDAQ:DSP) Reaches New 1-Year High – Here’s What Happened

Viant Technology Inc. (NASDAQ:DSP) hit a new 52-week high on Wednesday . The company traded as high as $19.46 and last traded at $18.40, with a volume of 22478 shares changing hands. The stock had previously closed at $18.92.

Analyst Ratings Changes

A number of equities analysts have weighed in on DSP shares. JMP Securities raised their target price on shares of Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC raised their price target on shares of Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Craig Hallum raised their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and raised their price target for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $15.86.

Viant Technology Trading Down 4.2 %

The company’s 50 day moving average price is $12.79 and its two-hundred day moving average price is $11.10. The firm has a market cap of $1.14 billion, a PE ratio of 315.39 and a beta of 0.72.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 22,504 shares of Viant Technology stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12. Following the transaction, the chief financial officer now owns 392,634 shares in the company, valued at approximately $6,686,557.02. The trade was a 5.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 100,166 shares of company stock worth $1,521,311. 28.80% of the stock is owned by corporate insiders.

Institutional Trading of Viant Technology

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Viant Technology in the 2nd quarter worth $47,000. FMR LLC increased its holdings in shares of Viant Technology by 77.9% in the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after buying an additional 3,123 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Viant Technology in the 2nd quarter worth about $84,000. Summit Global Investments bought a new stake in shares of Viant Technology in the 2nd quarter worth about $111,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Viant Technology in the 2nd quarter worth about $112,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.