Stock analysts at Berenberg Bank initiated coverage on shares of Viant Technology (NASDAQ:DSP) in a report released on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other research firms have also weighed in on DSP. Zacks Investment Research lowered shares of Viant Technology from a “hold” rating to a “sell” rating in a report on Tuesday, August 17th. Bank of America raised shares of Viant Technology from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, July 30th. Canaccord Genuity dropped their price objective on shares of Viant Technology from $48.00 to $38.00 and set a “buy” rating for the company in a report on Friday, August 13th. They noted that the move was a valuation call. Finally, Needham & Company LLC initiated coverage on shares of Viant Technology in a report on Friday, July 2nd. They set a “buy” rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.33.
NASDAQ DSP opened at $11.64 on Wednesday. The firm has a market cap of $701.37 million and a price-to-earnings ratio of 0.56. The company has a 50 day moving average of $15.21 and a 200-day moving average of $27.80. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 0.06. Viant Technology has a 1-year low of $11.61 and a 1-year high of $69.16.
Several institutional investors have recently modified their holdings of the stock. Citigroup Inc. bought a new position in Viant Technology in the first quarter valued at approximately $38,000. Atom Investors LP bought a new position in Viant Technology in the first quarter valued at approximately $234,000. The Manufacturers Life Insurance Company bought a new position in Viant Technology in the first quarter valued at approximately $322,000. American International Group Inc. bought a new position in Viant Technology in the first quarter valued at approximately $331,000. Finally, Envestnet Asset Management Inc. bought a new position in Viant Technology in the first quarter valued at approximately $347,000. 19.68% of the stock is owned by institutional investors and hedge funds.
Viant Technology Company Profile
Viant Technology Inc operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels. The company also offers cloud-based self-service portal that provides customers with transparency and control over their advertising campaigns and underlying data infrastructure; omnichannel demand side platform for ad buyers to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; and Data lake, a software and self-service enables customers with differentiated insights, including foot-traffic data reports, multi-touch attribution, and ROAS analytics.
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