JMP Securities Raises Viant Technology (NASDAQ:DSP) Price Target to $24.00

Viant Technology (NASDAQ:DSP) had its price target upped by investment analysts at JMP Securities from $17.00 to $24.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. JMP Securities’ target price suggests a potential upside of 17.90% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Canaccord Genuity Group raised their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and boosted their target price for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. 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. Craig Hallum lifted their price target on Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC increased their price objective on shares of Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.29.

Viant Technology Stock Performance

Shares of DSP stock traded down $0.16 on Monday, hitting $20.36. The stock had a trading volume of 45,050 shares, compared to its average volume of 204,555. Viant Technology has a 52-week low of $7.77 and a 52-week high of $21.74. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 339.32 and a beta of 0.98. The stock’s 50 day moving average is $19.33 and its 200-day moving average is $14.09.

Insider Activity at Viant Technology

In related 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 value of $153,825.00. Following the completion of the sale, the director now directly owns 63,452 shares in the company, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Larry Madden sold 67,243 shares of the 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 transaction, the chief financial officer now owns 461,107 shares in the company, valued at approximately $7,004,215.33. This trade represents a 12.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,815 shares of company stock valued at $2,105,138. Insiders own 28.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Viant Technology during the 4th quarter worth $142,000. Ritholtz Wealth Management increased its stake in shares of Viant Technology by 34.7% in the fourth quarter. Ritholtz Wealth Management now owns 22,484 shares of the company’s stock worth $427,000 after purchasing an additional 5,794 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Viant Technology during the 4th quarter worth about $88,000. JPMorgan Chase & Co. boosted its stake in Viant Technology by 102.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after purchasing an additional 48,826 shares during the period. Finally, Barclays PLC grew its holdings in Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after buying an additional 16,784 shares during the last quarter. 11.38% of the stock is currently 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.