Brokerages Set Viant Technology Inc. (NASDAQ:DSP) PT at $17.75

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.75.

A number of research firms have recently commented on DSP. Needham & Company LLC raised their target price on 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 objective on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Scotiabank began coverage on Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, Canaccord Genuity Group raised shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $18.00 in a report on Wednesday, November 13th.

Insider Buying and Selling

In other news, Director Max O. Valdes sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the transaction, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. The trade was a 10.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Larry Madden sold 67,243 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.19, for a total value of $1,021,421.17. Following the completion of the sale, the chief financial officer now owns 461,107 shares of the company’s stock, valued at $7,004,215.33. This trade represents a 12.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,081 shares of company stock worth $2,153,554. 28.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Viant Technology

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Viant Technology in the 2nd quarter worth $47,000. FMR LLC increased its position in Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock worth $79,000 after purchasing an additional 3,123 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Viant Technology during the second quarter worth about $84,000. Mackenzie Financial Corp acquired a new position in Viant Technology in the 2nd quarter valued at about $112,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Viant Technology in the 3rd quarter valued at approximately $122,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Stock Performance

DSP stock opened at $18.15 on Thursday. Viant Technology has a one year low of $6.50 and a one year high of $21.74. The firm’s fifty day moving average is $18.01 and its 200 day moving average is $13.30. The firm has a market cap of $1.14 billion, a PE ratio of 302.55 and a beta of 0.98.

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.