Viant Technology Inc. (NASDAQ:DSP) Receives Average Recommendation of “Buy” from Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP) have been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have covered the stock in the last year is $19.29.

DSP has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a report on Monday, December 2nd. JMP Securities boosted their target price on Viant Technology from $12.00 to $17.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC raised their price target on shares of Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a report on Friday, January 17th. Scotiabank began coverage on shares of Viant Technology in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price objective for the company. Finally, 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.

Viant Technology Stock Up 0.6 %

NASDAQ:DSP opened at $20.52 on Monday. The company has a market cap of $1.29 billion, a P/E ratio of 342.06 and a beta of 0.98. The firm’s 50 day moving average is $19.33 and its two-hundred day moving average is $14.09. Viant Technology has a fifty-two week low of $7.77 and a fifty-two week high of $21.74.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.76, for a total value of $267,967.84. Following the completion of the transaction, the chief financial officer now directly owns 358,624 shares of the company’s stock, valued at approximately $6,727,786.24. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the 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 completion of the transaction, the director now owns 63,452 shares in the company, valued at $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 sold a total of 125,815 shares of company stock worth $2,105,138 over the last 90 days. Insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

A number of large investors have recently bought and sold shares of DSP. Dimensional Fund Advisors LP lifted its position in shares of Viant Technology by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 179,233 shares of the company’s stock worth $1,769,000 after purchasing an additional 6,064 shares in the last quarter. XTX Topco Ltd lifted its position in Viant Technology by 55.1% during the 2nd quarter. XTX Topco Ltd now owns 20,946 shares of the company’s stock worth $207,000 after buying an additional 7,437 shares in the last quarter. Squarepoint Ops LLC lifted its position in Viant Technology by 42.8% during the 2nd quarter. Squarepoint Ops LLC now owns 73,008 shares of the company’s stock worth $721,000 after buying an additional 21,888 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Viant Technology during the 2nd quarter worth about $236,000. Finally, Mackenzie Financial Corp bought a new position in shares of Viant Technology in the 2nd quarter valued at about $112,000. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.