Shares of Viant Technology Inc. (NASDAQ:DSP – Get Free Report) have been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.75.
Several brokerages have weighed in on DSP. JMP Securities lifted their target price on Viant Technology from $12.00 to $17.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Scotiabank began coverage on Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 target price on the stock. Craig Hallum boosted their price objective on Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group upped 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. Finally, Needham & Company LLC upped their price objective on Viant Technology from $12.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.
Read Our Latest Research Report on DSP
Viant Technology Price Performance
Insider Buying and Selling
In other news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total transaction of $267,967.84. Following the sale, the chief financial officer now owns 358,624 shares in the company, valued at $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Max O. Valdes sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now owns 63,452 shares in the company, valued at $1,301,400.52. This represents a 10.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,034 shares of company stock worth $2,175,409 in the last ninety days. 28.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSP. ClariVest Asset Management LLC purchased a new position in Viant Technology during the second quarter valued at approximately $1,387,000. Acadian Asset Management LLC grew its position in Viant Technology by 659.4% during the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock valued at $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Federated Hermes Inc. grew its position in Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock worth $669,000 after acquiring an additional 66,509 shares in the last quarter. JPMorgan Chase & Co. grew its position in Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock worth $1,069,000 after acquiring an additional 48,826 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in Viant Technology in the second quarter worth approximately $236,000. 11.38% of the stock is owned by hedge funds and other 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.
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