Viant Technology (NASDAQ:DSP) Trading Up 4.3% – What’s Next?

Viant Technology Inc. (NASDAQ:DSP)’s stock price was up 4.3% during mid-day trading on Friday . The company traded as high as $16.15 and last traded at $16.06. Approximately 170,834 shares were traded during trading, an increase of 37% from the average daily volume of 124,751 shares. The stock had previously closed at $15.40.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DSP shares. Craig Hallum increased their target price on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC raised their target price on shares of Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity Group upgraded shares of Viant Technology from a “hold” rating to a “buy” rating and lifted their target price for the company from $13.00 to $18.00 in a report on Wednesday. JMP Securities increased their price target on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a report on Wednesday. Finally, Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $15.86.

Viant Technology Stock Up 5.3 %

The firm has a 50 day moving average price of $11.67 and a two-hundred day moving average price of $10.60. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 270.17 and a beta of 0.72.

Insider Buying and Selling at Viant Technology

In other news, CFO Larry Madden sold 3,084 shares of Viant Technology stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $11.05, for a total value of $34,078.20. Following the completion of the transaction, the chief financial officer now owns 538,434 shares in the company, valued at approximately $5,949,695.70. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 10,419 shares of company stock valued at $116,647 in the last three months. Corporate insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Viant Technology in the second quarter valued at approximately $47,000. FMR LLC lifted its holdings in shares of 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 last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Viant Technology during the 2nd quarter valued at approximately $84,000. Summit Global Investments bought a new position in Viant Technology during the 2nd quarter worth $111,000. Finally, Mackenzie Financial Corp acquired a new stake in Viant Technology in the second quarter worth $112,000. 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.