Viant Technology (NASDAQ:DSP) Rating Reiterated by Needham & Company LLC

Viant Technology (NASDAQ:DSP)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $12.00 target price on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 23.84% from the company’s previous close.

Viant Technology Stock Up 1.7 %

NASDAQ:DSP opened at $9.69 on Tuesday. The business’s 50-day moving average price is $10.21 and its 200 day moving average price is $9.63. The firm has a market cap of $615.27 million, a P/E ratio of -80.75 and a beta of 0.74. Viant Technology has a 52-week low of $4.98 and a 52-week high of $12.36.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology during the second quarter worth about $47,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Viant Technology in the 2nd quarter valued at $84,000. Summit Global Investments acquired a new position in shares of Viant Technology in the 2nd quarter valued at $111,000. Acadian Asset Management LLC boosted its position in shares of Viant Technology by 379.0% in the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock valued at $198,000 after purchasing an additional 14,835 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Viant Technology by 55.1% in the 2nd quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock valued at $207,000 after purchasing an additional 7,437 shares during the period. 11.38% of the stock is owned by institutional investors and hedge funds.

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.