Viant Technology (NASDAQ:DSP) Price Target Raised to $21.00 at Needham & Company LLC

Viant Technology (NASDAQ:DSP) had its price objective hoisted by equities research analysts at Needham & Company LLC from $18.00 to $21.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 13.15% from the company’s current price.

Other analysts have also recently issued research reports about the stock. JMP Securities boosted their target price on shares of Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised 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. Craig Hallum upped their target price on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Scotiabank initiated coverage on Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target on the stock. Finally, Canaccord Genuity Group raised Viant Technology from a “hold” rating to a “buy” rating and upped their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, November 13th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $18.13.

Viant Technology Trading Down 1.0 %

DSP stock opened at $18.56 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 309.38 and a beta of 0.98. The firm has a 50-day moving average price of $18.70 and a 200-day moving average price of $13.63. Viant Technology has a 12 month low of $6.50 and a 12 month high of $21.74.

Insider Transactions at Viant Technology

In related news, CFO Larry Madden sold 22,504 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.03, for a total value of $383,243.12. Following the transaction, the chief financial officer now owns 392,634 shares in the company, valued at $6,686,557.02. The trade was a 5.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $20.51, for a total value of $153,825.00. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders sold 127,313 shares of company stock worth $2,122,470 over the last ninety days. 28.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Viant Technology

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in shares of Viant Technology by 5,286.9% during the 2nd quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after buying an additional 66,509 shares during the period. Geode Capital Management LLC increased its stake in Viant Technology by 1.9% in the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock valued at $4,045,000 after purchasing an additional 6,803 shares in the last quarter. Barclays PLC increased its stake in Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares in the last quarter. FMR LLC raised its holdings in shares of Viant Technology by 77.9% during the third quarter. FMR LLC now owns 7,134 shares of the company’s stock valued at $79,000 after purchasing an additional 3,123 shares during the period. Finally, AQR Capital Management LLC bought a new position in shares of Viant Technology during the 2nd quarter worth about $236,000. 11.38% of the stock is currently owned by 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.