Viant Technology (NASDAQ:DSP) Reaches New 12-Month High – Time to Buy?

Shares of Viant Technology Inc. (NASDAQ:DSP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.15 and last traded at $16.66, with a volume of 17147 shares. The stock had previously closed at $16.21.

Analyst Ratings Changes

DSP has been the subject of several research analyst reports. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and raised their price target for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. JMP Securities raised their price target on shares of Viant Technology from $12.00 to $17.00 and gave the stock 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 stock a “buy” rating in a research note on Wednesday, November 13th. Craig Hallum raised their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised shares of 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 report on Wednesday, November 13th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $15.86.

Viant Technology Trading Up 3.7 %

The company’s fifty day moving average is $11.98 and its 200 day moving average is $10.75. The company has a market capitalization of $1.15 billion, a P/E ratio of 303.67 and a beta of 0.72.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 3,084 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the transaction, the chief financial officer now directly owns 538,434 shares of the company’s stock, valued at $5,949,695.70. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 100,166 shares of company stock valued at $1,521,311 in the last three months. Company insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

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

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.