Viant Technology Inc. (NASDAQ:DSP) Stock Has Average Target Price of $18.33

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $18.33.

DSP has been the topic of several research reports. DA Davidson upgraded shares of Viant Technology to a “strong-buy” rating in a report on Monday, October 5th. Citigroup reissued a “market outperform” rating on shares of Viant Technology in a research report on Tuesday, August 11th. UBS Group raised their price objective on Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Citizens Jmp lifted their price objective on shares of Viant Technology from $16.00 to $17.00 and gave the stock a “market outperform” rating in a report on Tuesday, August 11th. Finally, Rosenblatt Securities upped their target price on shares of Viant Technology from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th.

Insider Activity at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 20,711 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $13.14, for a total value of $272,142.54. Following the transaction, the chief financial officer directly owned 322,000 shares in the company, valued at $4,231,080. The trade was a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 79,806 shares of company stock worth $1,020,703. Insiders own 29.43% of the company’s stock.

Institutional Investors Weigh In On Viant Technology

Institutional investors have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. boosted its position in shares of Viant Technology by 16.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 1,347,163 shares of the company’s stock valued at $15,088,000 after acquiring an additional 190,248 shares during the period. Globeflex Capital L P purchased a new stake in Viant Technology in the 2nd quarter worth approximately $1,316,000. Quantinno Capital Management LP lifted its stake in Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock worth $699,000 after purchasing an additional 28,052 shares in the last quarter. Inspire Investing LLC purchased a new stake in Viant Technology in the 3rd quarter worth approximately $643,000. Finally, Bank of New York Mellon Corp bought a new position in Viant Technology in the 2nd quarter valued at $609,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

Viant Technology Trading Up 1.6%

Shares of Viant Technology stock opened at $12.85 on Friday. The business has a 50-day moving average price of $12.84 and a two-hundred day moving average price of $11.79. Viant Technology has a 1-year low of $8.35 and a 1-year high of $14.80. The company has a market cap of $854.14 million, a P/E ratio of 41.45 and a beta of 1.16.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides software and services for planning, buying, and measuring digital advertising campaigns. Its platform enables advertisers and agencies to purchase advertising across channels such as connected television, streaming video, display, mobile, audio, and digital out-of-home media.

The company’s solutions are designed to support automated, data-driven media buying, audience targeting, campaign optimization, and performance measurement.