Viant Technology (NASDAQ:DSP) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Viant Technology (NASDAQ:DSP) in a report issued on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $20.00 target price on the stock.

A number of other equities analysts have also weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $21.00 price objective on shares of Viant Technology in a research note on Wednesday, April 2nd. Raymond James cut their price objective on Viant Technology from $27.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, JMP Securities upped their target price on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $21.00.

Viant Technology Stock Performance

Shares of DSP opened at $14.22 on Wednesday. Viant Technology has a one year low of $8.62 and a one year high of $26.33. The stock has a market capitalization of $896.91 million, a price-to-earnings ratio of 237.04 and a beta of 1.19. The stock has a 50 day moving average price of $13.24 and a 200 day moving average price of $16.91.

Hedge Funds Weigh In On Viant Technology

Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Viant Technology during the fourth quarter worth about $27,000. Summit Investment Advisors Inc. increased its stake in Viant Technology by 83.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after buying an additional 728 shares during the period. Quantbot Technologies LP purchased a new stake in Viant Technology during the 4th quarter worth approximately $80,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Viant Technology during the 4th quarter worth approximately $88,000. Finally, SG Americas Securities LLC purchased a new position in Viant Technology in the 4th quarter valued at approximately $142,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.