Analysts Set Viant Technology Inc. (NASDAQ:DSP) PT at $21.14

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.14.

Several research analysts recently commented on the stock. Raymond James decreased their target price on shares of Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a research note on Wednesday, April 2nd. Finally, JMP Securities raised their target price 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.

Viant Technology Trading Down 0.9 %

DSP opened at $12.87 on Friday. The business’s 50-day moving average price is $16.39 and its 200-day moving average price is $16.68. The company has a market cap of $811.76 million, a P/E ratio of 214.54 and a beta of 1.21. Viant Technology has a 12 month low of $7.77 and a 12 month high of $26.33.

Insiders Place Their Bets

In other news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction 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. The trade was a 3.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DSP. Federated Hermes Inc. boosted its position in shares of Viant Technology by 0.8% in the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock worth $1,111,000 after purchasing an additional 465 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Viant Technology by 83.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after acquiring an additional 728 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Viant Technology by 2.8% in the first quarter. Rhumbline Advisers now owns 43,986 shares of the company’s stock worth $546,000 after acquiring an additional 1,214 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Viant Technology in the fourth quarter worth $27,000. Finally, State Street Corp raised its position in shares of Viant Technology by 0.6% in 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 last quarter. 11.38% of the stock is owned by hedge funds and other 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.