Viant Technology (NASDAQ:DSP) Coverage Initiated at Rosenblatt Securities

Rosenblatt Securities began coverage on shares of Viant Technology (NASDAQ:DSP) in a research report report published on Tuesday,Benzinga reports. The brokerage issued a buy rating and a $20.00 target price on the stock.

A number of other brokerages have also recently weighed in on DSP. Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Viant Technology in a report on Wednesday, April 2nd. JMP Securities lifted their target price on Viant Technology from $17.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Finally, Raymond James cut 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. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.00.

Viant Technology Trading Up 2.1 %

Shares of NASDAQ DSP opened at $14.61 on Tuesday. The firm has a 50-day moving average of $14.07 and a two-hundred day moving average of $16.80. The company has a market capitalization of $921.51 million, a price-to-earnings ratio of 243.54 and a beta of 1.21. Viant Technology has a twelve month low of $7.77 and a twelve month high of $26.33.

Insider Activity

In other news, CFO Larry Madden sold 14,284 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $23.12, for a total value of $330,246.08. Following the transaction, the chief financial officer now owns 344,340 shares in the company, valued at $7,961,140.80. This represents a 3.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 28.80% of the company’s stock.

Institutional Trading of Viant Technology

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Viant Technology by 102.2% during the 3rd 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 during the period. Geode Capital Management LLC raised its holdings in shares of Viant Technology by 1.9% during the third quarter. Geode Capital Management LLC now owns 365,339 shares of the company’s stock worth $4,045,000 after acquiring an additional 6,803 shares in the last quarter. Barclays PLC grew its stake in Viant Technology by 74.7% in the third quarter. Barclays PLC now owns 39,255 shares of the company’s stock valued at $435,000 after purchasing an additional 16,784 shares in the last quarter. Quantbot Technologies LP purchased a new position in Viant Technology in the fourth quarter valued at about $80,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Viant Technology during the 4th quarter worth about $3,022,000. 11.38% of the stock is currently owned by institutional investors and hedge funds.

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.