Viant Technology Inc. (NASDAQ:DSP) Given Consensus Recommendation of “Buy” by Brokerages

Viant Technology Inc. (NASDAQ:DSP) has received an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.75.

Several research firms recently commented on DSP. Canaccord Genuity Group boosted their price objective on shares of Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Craig Hallum upped their price target on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $18.00 in a research report on Wednesday, November 13th. JMP Securities boosted their target price on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Finally, Scotiabank began coverage on Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price target for the company.

Viant Technology Price Performance

DSP opened at $20.58 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of 343.00 and a beta of 1.00. The business’s 50-day moving average is $15.13 and its two-hundred day moving average is $12.04. Viant Technology has a 1 year low of $6.31 and a 1 year high of $21.74.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 2,768 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $11.23, for a total value of $31,084.64. Following the sale, the chief financial officer now owns 529,848 shares in the company, valued at $5,950,193.04. This represents a 0.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now owns 63,452 shares of the company’s stock, valued at $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,950 shares of company stock valued at $1,953,817. 28.80% of the stock is owned by company insiders.

Institutional Trading of Viant Technology

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Viant Technology during the second quarter valued at $47,000. FMR LLC boosted its stake in shares of 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Viant Technology during the 2nd quarter valued at about $84,000. Summit Global Investments purchased a new position in shares of Viant Technology in the 2nd quarter valued at about $111,000. Finally, Mackenzie Financial Corp acquired a new position in Viant Technology in the 2nd quarter worth about $112,000. 11.38% of the stock is owned by institutional investors and hedge funds.

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.