Viant Technology (NASDAQ:DSP) Reaches New 52-Week High – What’s Next?

Viant Technology Inc. (NASDAQ:DSP)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $25.89 and last traded at $25.70, with a volume of 123540 shares traded. The stock had previously closed at $24.76.

Analysts Set New Price Targets

A number of brokerages have weighed in on DSP. Canaccord Genuity Group upgraded Viant Technology from a “hold” rating to a “buy” rating and upped their price target for the company from $13.00 to $18.00 in a research report on Wednesday, November 13th. Craig Hallum upped their target price on shares of Viant Technology from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Scotiabank began coverage on shares of Viant Technology in a report on Thursday, December 5th. They set a “sector outperform” rating and a $27.00 price target for the company. JMP Securities upped their price objective on shares of Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. Finally, Needham & Company LLC lifted their target price on shares of Viant Technology from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $20.29.

Viant Technology Trading Up 1.1 %

The business has a 50 day moving average of $20.13 and a 200-day moving average of $14.89. The firm has a market capitalization of $1.57 billion, a P/E ratio of 417.65 and a beta of 1.01.

Insider Buying and Selling

In related news, CFO Larry Madden sold 22,504 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.03, for a total transaction of $383,243.12. Following the transaction, the chief financial officer now directly owns 392,634 shares in the company, valued at approximately $6,686,557.02. The trade was a 5.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Max O. Valdes sold 7,500 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $20.51, for a total transaction of $153,825.00. Following the sale, the director now directly owns 63,452 shares in the company, valued at $1,301,400.52. This trade represents a 10.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 140,099 shares of company stock worth $2,435,384. 28.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Viant Technology

Several hedge funds have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC lifted its holdings in shares of Viant Technology by 0.7% during the third quarter. Segall Bryant & Hamill LLC now owns 447,977 shares of the company’s stock worth $4,959,000 after buying an additional 2,915 shares in the last quarter. Geode Capital Management LLC raised its stake in Viant Technology by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,803 shares in the last quarter. State Street Corp grew its position in shares of Viant Technology by 0.6% during the 3rd quarter. State Street Corp now owns 283,365 shares of the company’s stock worth $3,137,000 after purchasing an additional 1,722 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Viant Technology during the fourth quarter worth approximately $3,022,000. Finally, JPMorgan Chase & Co. raised its position in shares of Viant Technology by 102.2% in the third quarter. JPMorgan Chase & Co. now owns 96,596 shares of the company’s stock valued at $1,069,000 after buying an additional 48,826 shares in the last quarter. Institutional investors and hedge funds own 11.38% of the company’s stock.

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.