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

Viant Technology Inc. (NASDAQ:DSP) has been given an average rating of “Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $20.29.

Several equities analysts have recently weighed in on DSP shares. Canaccord Genuity Group lifted their target price on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Scotiabank started coverage on Viant Technology in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target on the stock. Needham & Company LLC boosted their price objective on Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, January 17th. 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 note on Wednesday, November 13th. Finally, Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th.

Insider Transactions at Viant Technology

In other news, 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 value of $153,825.00. Following the completion of the sale, the director now directly owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $19.51, for a total value of $278,680.84. Following the completion of the transaction, the chief financial officer now owns 378,350 shares in the company, valued at $7,381,608.50. This trade represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,352 shares of company stock worth $1,030,720 in the last 90 days. Insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of Viant Technology by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 471,200 shares of the company’s stock worth $8,948,000 after purchasing an additional 106,400 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of Viant Technology by 0.7% in the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock valued at $4,959,000 after purchasing an additional 2,915 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Viant Technology by 353.7% in the 4th quarter. JPMorgan Chase & Co. now owns 438,280 shares of the company’s stock worth $8,323,000 after purchasing an additional 341,684 shares during the period. Geode Capital Management LLC raised its holdings in 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 buying an additional 6,803 shares during the period. Finally, State Street Corp lifted its holdings in shares of Viant Technology by 0.6% during the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares in the last quarter. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Trading Up 1.5 %

Shares of DSP stock opened at $20.73 on Friday. Viant Technology has a twelve month low of $7.77 and a twelve month high of $26.33. The stock has a market cap of $1.30 billion, a P/E ratio of 345.56 and a beta of 1.00. The stock has a 50 day moving average of $20.72 and a 200 day moving average of $15.97.

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.