Viant Technology (NASDAQ:DSP) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Viant Technology (NASDAQ:DSP) in a research note issued to investors on Wednesday,Benzinga reports. Needham & Company LLC currently has a $21.00 target price on the stock.

Other research analysts have also issued research reports about the stock. JMP Securities upped their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, January 27th. Raymond James decreased their target price on Viant Technology from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. Finally, Scotiabank assumed coverage on shares of Viant Technology in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $27.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Viant Technology has an average rating of “Buy” and an average target price of $22.43.

Viant Technology Stock Performance

Shares of NASDAQ:DSP opened at $12.35 on Wednesday. The stock has a market capitalization of $778.96 million, a price-to-earnings ratio of 205.87 and a beta of 1.02. The company has a 50 day moving average price of $17.81 and a 200 day moving average price of $16.52. Viant Technology has a 1-year low of $7.77 and a 1-year high of $26.33.

Insider Activity at Viant Technology

In related news, CFO Larry Madden sold 14,284 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the completion of the sale, the chief financial officer now directly owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. This represents a 3.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 28.80% of the stock is currently owned by company insiders.

Institutional Trading of Viant Technology

Several hedge funds have recently added to or reduced their stakes in DSP. Federated Hermes Inc. raised its stake in shares of Viant Technology by 0.8% during the 4th quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock valued at $1,111,000 after purchasing an additional 465 shares during the period. Summit Investment Advisors Inc. grew its position in Viant Technology by 83.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock valued at $30,000 after acquiring an additional 728 shares during the last quarter. New York State Teachers Retirement System purchased a new position in Viant Technology in the 4th quarter worth $27,000. State Street Corp increased 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 period. Finally, FMR LLC increased its stake in Viant Technology by 77.9% in 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 period. Institutional investors 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.