Raymond James Cuts Viant Technology (NASDAQ:DSP) Price Target to $27.00

Viant Technology (NASDAQ:DSP) had its target price reduced by Raymond James from $30.00 to $27.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Craig Hallum lifted their price target on shares of Viant Technology from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Canaccord Genuity Group raised their price target on shares of Viant Technology from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. 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 for the company. JMP Securities lifted their price target on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $21.00 price target on shares of Viant Technology in a research note on Tuesday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $22.43.

Viant Technology Trading Down 0.2 %

DSP opened at $15.06 on Tuesday. Viant Technology has a 1-year low of $7.77 and a 1-year high of $26.33. The company has a market cap of $946.55 million, a P/E ratio of 251.04 and a beta of 1.02. The company has a fifty day moving average price of $20.41 and a two-hundred day moving average price of $16.21.

Insiders Place Their Bets

In other Viant Technology news, CFO Larry Madden sold 14,284 shares of Viant Technology stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $23.12, for a total transaction of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares of the company’s stock, valued at $7,961,140.80. This trade represents a 3.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 28.80% of the company’s stock.

Hedge Funds Weigh In On Viant Technology

Several hedge funds have recently modified their holdings of DSP. Summit Global Investments lifted its position in shares of Viant Technology by 145.9% during the 3rd quarter. Summit Global Investments now owns 27,736 shares of the company’s stock worth $307,000 after buying an additional 16,457 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Viant Technology in the 3rd quarter worth approximately $122,000. Segall Bryant & Hamill LLC raised its holdings in shares of Viant Technology by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after purchasing an additional 2,915 shares during the period. FMR LLC raised 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 period. Finally, Martingale Asset Management L P bought a new stake in shares of Viant Technology in the 3rd quarter worth approximately $254,000. Institutional investors 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.