Brokerages Set Viant Technology Inc. (NASDAQ:DSP) Price Target at $22.43

Shares of Viant Technology Inc. (NASDAQ:DSP) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $22.43.

A number of research firms recently issued reports on DSP. Scotiabank assumed coverage on shares of Viant Technology in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 price objective on the stock. Canaccord Genuity Group boosted 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. JMP Securities lifted their price objective on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Raymond James dropped their target price on Viant Technology from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Tuesday, March 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price target on shares of Viant Technology in a research note on Tuesday, March 4th.

Insider Activity

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the sale, the chief financial officer now owns 344,340 shares in the company, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several institutional investors have recently modified their holdings of DSP. Victory Capital Management Inc. acquired a new position in Viant Technology in the 3rd quarter valued at about $122,000. Segall Bryant & Hamill LLC lifted its holdings in 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 acquiring an additional 2,915 shares during the last quarter. FMR LLC lifted its holdings in Viant Technology by 77.9% in the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares during the last quarter. Martingale Asset Management L P purchased a new stake in Viant Technology in the 3rd quarter valued at about $254,000. Finally, State Street Corp boosted its position 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 worth $3,137,000 after purchasing an additional 1,722 shares during the period. Institutional investors and hedge funds own 11.38% of the company’s stock.

Viant Technology Trading Up 5.4 %

Shares of DSP opened at $13.13 on Tuesday. The firm has a market cap of $828.16 million, a PE ratio of 218.87 and a beta of 1.02. Viant Technology has a 1-year low of $7.77 and a 1-year high of $26.33. The firm has a fifty day simple moving average of $19.01 and a two-hundred day simple moving average of $16.45.

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.