Viant Technology Inc. (NASDAQ:DSP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Viant Technology Inc. (NASDAQ:DSP) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.83.

Separately, Needham & Company LLC reissued a “buy” rating and set a $12.00 price objective on shares of Viant Technology in a report on Monday, May 20th.

Viant Technology Stock Down 0.2 %

DSP opened at $9.75 on Friday. The business’s fifty day simple moving average is $10.20 and its 200 day simple moving average is $9.58. Viant Technology has a 52 week low of $4.51 and a 52 week high of $12.36. The stock has a market cap of $619.08 million, a PE ratio of -81.25 and a beta of 0.74.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in Viant Technology during the 2nd quarter worth approximately $47,000. Summit Global Investments purchased a new stake in Viant Technology during the 2nd quarter valued at $111,000. Acadian Asset Management LLC grew its holdings in Viant Technology by 379.0% in the 1st quarter. Acadian Asset Management LLC now owns 18,749 shares of the company’s stock worth $198,000 after acquiring an additional 14,835 shares during the last quarter. Heron Bay Capital Management purchased a new position in shares of Viant Technology in the first quarter valued at about $243,000. Finally, Bailard Inc. bought a new position in shares of Viant Technology during the fourth quarter valued at about $260,000. Hedge funds and other institutional investors own 11.38% of the company’s stock.

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.