Raymond James Lowers Viant Technology (NASDAQ:DSP) Price Target to $27.00

Viant Technology (NASDAQ:DSP) had its target price reduced by research analysts at Raymond James from $30.00 to $27.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 78.93% from the company’s current price.

Several other research analysts have also recently issued reports on DSP. Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Canaccord Genuity Group increased their price target on Viant Technology from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Craig Hallum lifted 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 started coverage on shares of Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $21.00 price target on shares of Viant Technology in a report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Viant Technology currently has a consensus rating of “Buy” and a consensus target price of $22.43.

Viant Technology Price Performance

Shares of DSP stock opened at $15.09 on Tuesday. The company has a market capitalization of $948.44 million, a P/E ratio of 251.54 and a beta of 1.01. The company’s 50-day simple moving average is $20.52 and its two-hundred day simple moving average is $16.22. Viant Technology has a one year low of $7.77 and a one year high of $26.33.

Insiders Place Their Bets

In other Viant Technology news, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction on Friday, December 6th. The shares were sold at an average price of $20.51, for a total value of $153,825.00. Following the transaction, the director now directly owns 63,452 shares of the company’s stock, valued at approximately $1,301,400.52. The trade was a 10.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.76, for a total value of $267,967.84. Following the transaction, the chief financial officer now directly owns 358,624 shares in the company, valued at approximately $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,068 shares of company stock worth $752,039. 28.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after acquiring an additional 48,826 shares in the last quarter. Geode Capital Management LLC boosted its stake in Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Barclays PLC boosted its stake in Viant Technology by 74.7% in the 3rd quarter. Barclays PLC now owns 39,255 shares of the company’s stock worth $435,000 after purchasing an additional 16,784 shares in the last quarter. FMR LLC grew its position in 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 purchasing an additional 3,123 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after buying an additional 1,722 shares during the last quarter. 11.38% of the stock is currently owned by hedge funds and other institutional investors.

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.