Viant Technology (NASDAQ:DSP) Price Target Raised to $24.00

Viant Technology (NASDAQ:DSP) had its target price upped by JMP Securities from $17.00 to $24.00 in a report published on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Several other equities analysts have also recently commented on DSP. Scotiabank started coverage on Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price for the company. Craig Hallum raised their price objective on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC boosted their target price on shares of Viant Technology from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $18.00 in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group boosted their price objective on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Viant Technology presently has a consensus rating of “Buy” and a consensus price target of $20.29.

Viant Technology Price Performance

Shares of Viant Technology stock opened at $21.70 on Monday. Viant Technology has a 1-year low of $7.77 and a 1-year high of $21.91. The company has a market capitalization of $1.36 billion, a PE ratio of 361.73 and a beta of 0.98. The business has a 50-day moving average of $19.52 and a 200-day moving average of $14.29.

Insider Buying and Selling

In other news, CFO Larry Madden sold 67,243 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.19, for a total transaction of $1,021,421.17. Following the completion of the transaction, the chief financial officer now owns 461,107 shares in the company, valued at approximately $7,004,215.33. This represents a 12.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of Viant Technology stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the completion of the sale, the director now owns 63,452 shares in the company, valued at approximately $1,301,400.52. This represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 125,815 shares of company stock worth $2,105,138 over the last quarter. 28.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viant Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its stake in Viant Technology by 77.9% during the 3rd quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after acquiring an additional 3,123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Viant Technology during the fourth quarter valued at $88,000. Mackenzie Financial Corp bought a new stake in shares of Viant Technology during the second quarter valued at about $112,000. Victory Capital Management Inc. acquired a new stake in Viant Technology in the third quarter worth about $122,000. Finally, Algert Global LLC bought a new position in Viant Technology in the 2nd quarter valued at about $128,000. 11.38% of the stock is owned by 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.