Viant Technology (NASDAQ:DSP) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Viant Technology (NASDAQ:DSP) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Other analysts have also issued research reports about the company. Citigroup reaffirmed a “market outperform” rating on shares of Viant Technology in a research note on Tuesday, August 11th. Rosenblatt Securities upped their price target on Viant Technology from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. DA Davidson upgraded Viant Technology to a “strong-buy” rating in a research note on Monday, October 5th. Weiss Ratings upgraded Viant Technology from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, UBS Group lifted their price objective on Viant Technology from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $18.33.

Viant Technology Trading Up 1.3%

DSP stock opened at $12.80 on Friday. Viant Technology has a 1-year low of $8.30 and a 1-year high of $14.80. The business’s 50 day moving average is $12.66 and its 200-day moving average is $11.96. The firm has a market cap of $850.82 million, a P/E ratio of 41.29 and a beta of 1.11.

Insider Buying and Selling at Viant Technology

In other Viant Technology news, CFO Larry Madden sold 27,451 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $13.06, for a total value of $358,510.06. Following the completion of the transaction, the chief financial officer directly owned 398,371 shares of the company’s stock, valued at approximately $5,202,725.26. The trade was a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 82,620 shares of company stock valued at $1,050,784 over the last ninety days. Insiders own 29.43% of the company’s stock.

Institutional Trading of Viant Technology

Several hedge funds have recently modified their holdings of DSP. Squarepoint Ops LLC raised its position in Viant Technology by 8.8% in the 2nd quarter. Squarepoint Ops LLC now owns 39,568 shares of the company’s stock worth $501,000 after purchasing an additional 3,207 shares during the last quarter. Globeflex Capital L P acquired a new position in Viant Technology during the 2nd quarter worth $1,316,000. Bank of New York Mellon Corp bought a new position in Viant Technology in the 2nd quarter valued at $609,000. Versant Capital Management Inc boosted its position in Viant Technology by 202.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,772 shares of the company’s stock valued at $35,000 after buying an additional 1,855 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position in Viant Technology by 81.6% in the 1st quarter. Quantinno Capital Management LP now owns 62,409 shares of the company’s stock valued at $699,000 after buying an additional 28,052 shares during the last quarter. 11.38% of the stock is owned by institutional investors.

Viant Technology Company Profile

Viant Technology Inc is an advertising technology company that provides a cloud-based demand-side platform (DSP) for planning, buying, and measuring digital advertising campaigns. Its platform, Adelphic, enables advertisers and agencies to purchase programmatic media across connected television, streaming video, mobile, desktop, audio, and other digital channels.

The company’s technology is designed to support people-based and omnichannel advertising, allowing customers to use first-party data, audience segmentation, identity solutions, automated media buying, and campaign measurement tools.