Viant Technology (NASDAQ:DSP) Shares Gap Up to $11.09

Viant Technology Inc. (NASDAQ:DSP)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.09, but opened at $11.41. Viant Technology shares last traded at $11.09, with a volume of 26,615 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DSP. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective on shares of Viant Technology in a research note on Tuesday, August 13th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $11.00 price objective on shares of Viant Technology in a report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Viant Technology presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.80.

Viant Technology Stock Down 0.4 %

The firm has a market cap of $701.62 million, a P/E ratio of -92.08 and a beta of 0.74. The business has a fifty day moving average of $10.39 and a 200 day moving average of $9.73.

Institutional Trading of Viant Technology

Large investors have recently bought and sold shares of the business. ClariVest Asset Management LLC bought a new position in shares of Viant Technology during the second quarter worth about $1,387,000. Acadian Asset Management LLC lifted its position in shares of Viant Technology by 659.4% in the second quarter. Acadian Asset Management LLC now owns 142,384 shares of the company’s stock worth $1,403,000 after purchasing an additional 123,635 shares in the last quarter. Federated Hermes Inc. grew its position in Viant Technology by 5,286.9% in the second quarter. Federated Hermes Inc. now owns 67,767 shares of the company’s stock valued at $669,000 after purchasing an additional 66,509 shares in the last quarter. G2 Investment Partners Management LLC increased its stake in Viant Technology by 11.6% in the 4th quarter. G2 Investment Partners Management LLC now owns 430,850 shares of the company’s stock valued at $2,969,000 after buying an additional 44,779 shares during the last quarter. Finally, Bailard Inc. bought a new stake in Viant Technology during the 4th quarter worth about $260,000. 11.38% of the stock is owned by institutional investors.

Viant Technology Company Profile

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.