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

Shares of Viant Technology Inc. (NASDAQ:DSP) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.14.

A number of research firms have commented on DSP. JMP Securities raised their target price on Viant Technology from $17.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, January 27th. Raymond James decreased their target price on Viant Technology from $27.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $21.00 price target on shares of Viant Technology in a research report on Wednesday, April 2nd.

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 Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total transaction of $330,246.08. Following the completion of the sale, the chief financial officer now owns 344,340 shares of the company’s stock, valued at approximately $7,961,140.80. The trade was a 3.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.80% of the stock is currently owned by insiders.

Institutional Trading of Viant Technology

Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its position in shares of Viant Technology by 0.8% during the fourth quarter. Federated Hermes Inc. now owns 58,492 shares of the company’s stock worth $1,111,000 after acquiring an additional 465 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Viant Technology by 83.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,602 shares of the company’s stock worth $30,000 after purchasing an additional 728 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Viant Technology by 2.8% during the first quarter. Rhumbline Advisers now owns 43,986 shares of the company’s stock worth $546,000 after buying an additional 1,214 shares during the period. New York State Teachers Retirement System bought a new position in shares of Viant Technology in the fourth quarter worth $27,000. Finally, State Street Corp boosted its holdings in shares of Viant Technology by 0.6% in the third quarter. State Street Corp now owns 283,365 shares of the company’s stock valued at $3,137,000 after acquiring an additional 1,722 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

Viant Technology Stock Performance

DSP stock opened at $12.80 on Friday. Viant Technology has a one year low of $7.77 and a one year high of $26.33. The company has a fifty day moving average of $15.47 and a 200-day moving average of $16.65. The stock has a market capitalization of $807.35 million, a PE ratio of 213.37 and a beta of 1.21.

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.